Banks Don't Share their Wealth with You - But We Will.
We don’t think it’s fair that major banks earn 5.15% on funds they deposit with the federal government, but only offer their customers 0.06%. When our founders learned about this, they made it their purpose to change things.
Grit Financial’s mission is to reinvent banking for working Americans.
It’s not fair that only the wealthy are offered financial privileges. Our passion is to service everyone and provide financial equity across the board.
We offer advantages that many of the upper echelon receive: cashback rewards, high interest earnings and have early access to their paychecks so you can start earning, saving, and paying off debt quicker.
Grit is different from all other banks. You get:
With Grit Visa Debit Card, you can request up to 60% of your gross earnings per pay period with our no-fee, wage advances*.
It pays to use your Grit Card! Earn cashback every time you make a purchase with your Grit Card**. No minimum purchase required.
Your Grit card account is insured through our bank partner, Community Federal Savings Bank.
Ready to take control of your PayDay?
|WEEKS WORKED||GRIT PAY CYCLE*||STANDARD PAY CYCLE**|
**Teacher’s Pay Day – you’re not paid until every 6-8 weeks
"Grit has a very user friendly app, a very sincere approach, and an amazing concept! It helped me straighten things out and no longer be caught off-guard by unforeseen circumstances!" - Myles T.
It Pays to Use Grit
When you sign up for Grit, you get 0.5% cash back on purchases, so it really does pay to use your Grit Card – especially when you need to stock up on classroom essentials!
Grit also offers advanced access to your earnings, so you can ensure your bills get paid and that you’re able to build an emergency savings fund for a more secure financial future. We’ll also offer financial education as we build our ever-growing suite of tools, so you can advance your personal knowledge bank and continue thriving.
The best part? It’s free to use***.
Why Your Bank Hopes You Don’t Ask Too Many Questions
Banks need cheap money to make their business work. This means they are counting on customers like you giving them their money while asking for almost nothing in return.
The questions banks don’t want you to ask are:
Q1. Why do banks get 5.15% on overnight deposits from the Federal Government and give their customers 0.06% average checking account interest?
Q2. Why are you not giving me cashback on debit card purchases? You get fees from merchants when I make charges on my Debit Card.
Q3. If I am giving you my Direct Deposit from my employer, why can’t you allow me to borrow against my direct deposit at no cost?
Banks don't want you to ask too many questions.
How it Works
A Grit Visa Debit Card
Access to the Grit app and a growing suite of smart money management tools.
Through the Grit app, users get up to 60% of their earned wages, at no charge**. Earned wages are made available when you sign up for a Grit card and after you’ve completed your direct deposit switch. Requesting an earned wage payment does not affect your credit score.
Direct Deposits + Purchases
An earned wage advance is collected at the end of the pay period. Grit withdraws the advance from your paycheck and the remaining amount is transferred to your bank account.