Washington’s Timberland Financial institution has partnered with financial savings platform Plinqit to offer its prospects with monetary wellness and financial savings instruments.
Timberland Financial institution companions Plinqit
The partnership will see Timberland prospects achieve entry to a spread of digital instruments and academic sources designed to enhance monetary literacy and set up saving habits.
To incentivise studying, Plinqit’s financial savings platform pays customers as they purchase new monetary literacy abilities and, for Timberland, the platform prices much less to run than a standard financial savings account.
Timberland Financial institution’s prospects can entry Plinqit by way of the financial institution’s digital banking platform because of Plinqit’s integration with Jack Henry’s Banno Digital Toolkit.
“Our collaboration with Plinqit has made providing monetary literacy instruments a lot simpler for monetary establishments like Timberland Financial institution,” says Julie Morlan, senior managing director of digital options at Jack Henry.
Plinqit CEO Kathleen Craig says neighborhood banks resembling Timberland “play a significant position” in serving to their prospects make the perfect monetary choices potential, particularly in right this moment’s financial local weather.
“Between rising debt ranges, inflation and different financial elements, customers ought to really feel outfitted to make sensible monetary choices, however that is tough with out enough monetary training,” provides Craig.
Based in 1915, Timberland Financial institution has greater than $1.eight billion in belongings and 23 branches throughout the state of Washington.