PerkStreet Unveils New Savings Account, Mobile Apps
by: Simon Zhen
"Known for its cash back checking account, PerkStreet Financial is expanding with a new savings account and the first version of it mobile banking applications, among other changes."
9 Boston Financial Tech Startups I'm Watching
by: Kyle Alspach
5 Best Online Checking Accounts
by: Miranda Marquit
"This checking account is ideal for those who want to use it as a primary checking account, and who want to earn rewards without using a credit card."
Boston's 5 Startups to Watch
Find the Best Credit Card for You
by: Carmen Wong Ulrich
"BEST DEAL (debit cards): PerkStreet Financial Platinum Debit MasterCard. This card has no monthly activity fee and free checking and offers an unlimited 1% back on purchases…"
Bank Fees are On the Rise
by: Blake Ellis
"Ally Bank, PerkStreet Financial and ING Direct, for example, are all online banks that offer checking accounts without any monthly maintenance fees."
Pin Money: How Pinterest Helps You Spend Less and Enjoy More
by: Ross Kenneth Urken
"PerkStreet, which rewards customers for making financially responsible decisions, has a Pinterest board called 'Stuff I Didn't Buy' for the bank's customers to display items they refrained from shelling out for."
Generation Lost: Millennials Come of Age
by: Chris Taylor
"Indeed, according to a survey by online bank PerkStreet, most financial experts believe Gen Y is better-prepared than the slightly older Gen X to face an uncertain financial future."
Want Free Checking? Ditch the Big Banks
by: Meg Handley
"'Free checking will certainly exist, but no longer at big banks,' says Dan O'Malley, founder and CEO of PerkStreet Financial, an online banking institution."
When Your Bank Doesn't Want You
by: Linda Stern
"Of course, consumers do have alternatives, so the giant banks don't have all the power in those relationships. Small banks, credit unions and new automated advisory services are going after depositors and investors with offers that should have the big banks nervous."
What If the Bank Paid You To Have an Account?
by: James Hood
"Although hardly a household word, PerkStreet is generating a fair amount of buzz. We analyzed more than 7,000 comments on Facebook, Twitter and other blogs and social media and found PerkStreet perking along with a net sentiment in the 90% neighborhood towards year's end, which is about as good as it gets."
PayPal President Joins PerkStreet Board of Directors
by: Greg Gomer
"The company has raised over $15 million in venture funding, seen incredible growth in 2011 and today announced the addition of financial services industry veteran Scott Thompson to their Board of Directors."
New Enticements to Switch Banks
by: Kelli Grant
"Online-only banks like PerkStreet and ING Direct include free debit cards, which sidesteps Bank of America's $5 debit fee for accountholders who aren't willing to switch more purchases to a prepaid card or credit card."
Is There Any Point Begging Banks to Drop Debit Card Fees?
by: Brad Tuttle
"In fact, there are other options. And in fact, since the debit card fees made news, consumers have been shopping around and switching banks in large numbers. Small banks and credit unions have seen an uptick in new customer accounts, as have online banks with minimal fees and decent interest rates (relatively speaking) such as PerkStreet Financial, ING Direct, and Ally Bank."
The Future of Debit Rewards
by: Michele Lerner
"PerkStreet has been letting its customers select their own categories for earning extra debit card rewards by participating in surveys and making recommendations through social media."
Checking Account Wars, Behind the Scenes
by: Ron Lieber
"…PerkStreet's no-fee checking account is free to open with a $25 minimum and earns debit-card rewards…"
Online Banks Booming As Angry Customers Flee Financial Giants
by: Catherine New
"PerkStreet, which launched in late 2009, is part of a new breed of online-only bank -- all aiming to capture consumers looking to escape fee increases at more established banks."
Stern Advice: Upstart Banks Want Your Checking Account
by: Linda Stern
"The big boys like Bank of America and Citibank are having problems with share prices and profitability, and the upstarts are hitting them while they're down."
New Banks Compete on Fees, Rewards
by: Bill Hardekopf
"In the days of vanishing debit card rewards and higher fees, PerkStreet offers lucrative rewards for non-PIN debit card transactions."
The Newest Features of Online Checking Accounts
by: Jim Wang
"Credit cards have been offering rewards for what seems like decades. They're able to do this because they charge much higher processing fees compared with debit cards. Some online banks are fighting back, offering debit card rewards on par with some of the credit cards. They're able to do this because they have lower overhead…"
by: Todd Wallack
"PerkStreet was launched to focus on an area it viewed as neglected by traditional banks. While many customers pick credit cards for frequent flier miles and other rewards, most debit cards don't offer such incentives."
"O'Malley, a former Capital One exec, founded the company with a few other banking veterans to challenge the industry to pivot from its focus on credit cards and rich people to serving customers with more average incomes and spending habits. It seems to be catching on. In the last six months, PerkStreet says it has quadrupled its customer base and its revenue."
Virtual Banking Startup PerkStreet Adds $9M
by: Rodney Brown
"Founded in 2008, PerkStreet offers checking accounts with rewards debit cards and no-fee ATMs coupled with an online banking platform."
Boston Startup Offers a Different Twist on Banking
by: Todd Wallack
"[PerkStreet] is a two-year-old start-up in Boston that offers checking accounts with a rewards debit card."
Putting Boston on the Map
by: Cheryl Morris
"Perkstreet is using the cost savings of being a virtual bank without physical locations to provide you free checking accounts and better debit card rewards, including cash-back."
Cash Back to Shop
by: Sibilla Vargas
"Getting 5% on a checking account -- that's really high in this market."
Earn Money While Spending this Holiday Season
by: Dorothy Tucker
"Unlike credit cards that offer rewards, there are no monthly bills, no interest rates..."
by: Jim Donovan
"It's similar to a credit card model ... but better, because you're earning rewards without going into debt."
How to Shop for a Big Payoff
by: Paula Ebben
"...it beats any credit rewards program."
Debit Card Raises the Cash-Back Reward
by: Ron Lieber
"...one of the richest checking accounts in the land."
The Friday Five: Innovative Financial Services Start-Ups
by: Scott Kirsner
"By keeping costs low, Boston-based PerkStreet can offer rewards for using your debit card that include free Dunkin coffee, iTunes downloads, or Amazon.com credit."
Banking at Your Peril
by: Mike Hogan
Rude Awakening for New Grads
by: Anne Kates Smith
Six Personal-Finance Tips for College Graduates
by: Jennifer Waters
Switch Banks? You Might Find There's a Perk in It for You
by: Ron Lieber
"...far more than most standard bank debit rewards programs pay."
"A pretty good idea!"
Best Interest Rates Offered by Little Guy
by: Lan Nguyem
The Second Generation of Contactless Debit Cards
by: Arlene Hauben
"The market seems right for a focused debit-card-rewards provider."