Who are these people?

Introduction to ALPHA

We are recovering bankers, quirky creatives, and nerdy programmers.

Each one of us has our own story, our own complications, and our own ambitions. Together, we complement and counterbalance each other's strengths and weaknesses. We are all social justice warriors, having each been disadvantaged by "the system" in one way or another.

We believe that there is always a better option.

Banking may seem like the biggest, ugliest industry to take on but that is exactly what makes it the right thing to do. For too long, greed and personal biases have ruled the industry, and the American People paid the price.

Ode to Transparency

If it's free, how do we make money?

You'd be shocked at how much your bank makes off of you.

Yes, we are a for-profit business. Yes, we want to grow and build cool stuff and be successful. That doesn't mean we have to take your hard-earned dollars away from you. We found all the little ways that banks make money and we're going to play the same game, with the ethos that we won't take it from YOU. Here's how:

Interchange

Whenever you make a purchase electronically, either physically with a debit or credit card or via any of the digital payment platforms, the merchant who is receiveing the money pays a percentage of the sale for "processing." No, it's not really fair but its the field we play on. A small part of that interchange fee goes to the card maker, some goes toward your rewards, and some goes toward the issuing bank (that's us!) Also, if we're your bank as a small business owner, an even smaller portion goes to us as the receiving bank.

It's only pennies, but over time and thousands of transactions it adds up so we can pay our overhead.

Interest Arbitration

Banks will pay a very small % for you to keep your savings with them, typically 1/100th of 1 %. (0.01%). That same money they turn around and lend it to others (or even back to you!) at a higher interest rate, even up to 28%+ on a credit card. Everything in between the 0.01% and the 28% is pocketed. We do the same thing, but we pay the highest rates in the country for your money and as little as possible to lend it back out.

We'll be just fine without the huge spread!

Serving the underserved

50+ Million

Small businesses don't have fast access (or any access) to capital

7+ Million

Veteran, minority & women owned businesses

$46,597

Average American
(non-mortgage) personal debt.

57%

Americans with less than
$1000 to their names
Our Talented Crew

Meet The Team

Holding Co. CEO

Jacob Schuler

“Today’s best practices lead to dead ends; the best paths are new and untried.” -Peter Thiel

Holding Co. CEO

Jacob Schuler

“Today’s best practices lead to dead ends; the best paths are new and untried.” -Peter Thiel

Featured in

It's in our DNA

Our Values:

Honesty & Integrity

Not just words on the wall, they are the very foundation of who we are.

Value

Value is more than just a dollar-store mantra, it's always pushing to make sure we are valuable to you.

Financial Inclusion

We believe banking is a basic human right, no matter who you are.

Economic Health

When the American people and businesses are financially healthy, the economy can be healthy.

Transparency

Nothing to hide, legal documents anyone can read, and wearing our motives on our sleeves.

Debt as a last resort

We promote savings, planning, and understanding. We will never push credit, but have it if you need it.

Like a Plague

We Stand Against:

Predatory Lending

Payments you'll never get out of. Rates that suck you dry. Terms that nobody understands. It's those things that put good people on a slippery slope.

Deceptive Banking

"Free Checking" isn't really free is it? Ours is! On a grander scale, it's also refusing to pull shady stunts like what caused the 2008 crisis.

Coersion

Adjustable Rate Mortgages. Balloon Payments. Daily pay at exorbitant rates. These were designed for one-thing: to sell an enticing product with a killer secret.

Misuse of trust

Banking scandals are becoming the norm, but people turn a blind eye soon after because there are no other options. Now there is.

Peddling harmful products

Perhaps the reason our country, business, and individual debt levels are in crisis, we are constantly told it's normal to pay crazy rates.

Excess

It's not just about the lavish parties and inconsequential spending, its when there is an opportunity to charge less, they won't take it.

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Let's Connect

Drop Us a Line

We'd love to hear your story! We're doing some really innovative things that are specifically designed for you, so tell us how it's going to move you closer to your goals!

We're hiring! Do you believe in our mission and want to work for an awesome company? Send us the usual materials and we promise to take a look.

Join the waitlist today!
Accounts are opened on a first-come, first-served basis.