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How a Grit Visa Debit Card Account Works

How a Grit Visa Debit Card Account Works

A Grit Financial Advance + Debit Card account gives you features that no other account provides, all designed to make your financial life easier.

This includes no-fee paycheck advances, 0.5% cash back on purchases, 3.00% APY  interest on account balances, and credit score management. With no-fee paycheck advances, if you work on Monday and earn $150, you no longer have to wait two weeks or more for your paycheck to deposit into your account. On Tuesday, you can transfer up to 60% of your accrued wages onto your Grit Visa debit card at no cost. As you make purchases with your Grit Visa debit card, you can earn 0.5% cashback. If you spend $1,000, we deposit $5 into your Grit account. No other major company is offering free paycheck or cashback on debit card purchases.

If you want to withdraw cash from your Grit account, choose from the largest ATM network in America, with over 55,000 locations. When your paycheck direct deposit hits your Grit account, we will recover any paycheck advances you have taken. You can decide if the remainder of the paycheck is left in your Grit account or transferred immediately to your bank account. It is that simple. You decide when your payday should be.

But wait, there is more. We give you 3.00% APY interest on your account balance up to $1,000. This is more than 100 times the interest offered by major banks on spending and checking account balances. With Grit, you can rest assured your money is safe. All Grit accounts are FDIC insured up to $250,000. In addition, Grit has achieved the highest possible security certifications. Grit makes smart money management easy, so you can live the life you want to live. Sign up now.

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Wendy Oliver

A seasoned lawyer and legal compliance expert specializing in the financial sector, Wendy has worked in large law firms and as in-house counsel for companies such as Bank of America and OnPoint Credit Union, and educational institutions such as the University of Chicago and Duke University. She’s also worked at a fintech startup, a consumer lender and a large credit union, as well as running her own practice advising financial institutions.
Well-versed in the ins and outs of disclosures and agreements, contracts and corporate matters, Wendy is most excited about helping others to achieve financial stability, something she had to grapple with herself in her younger years and as a law student. Her goal is to ensure Grit’s financial wellness tools not only help people through financial emergencies, but also establish long-term habits for financial success.
How she got her financial grit: “In college, when I was living off loans and part-time work, I had a budget and that really helped me. After college and law school I had loans to pay. Budgeting and understanding where your money goes can really make a difference in your financial security.”

Experience

  • General Counsel, OnPoint Credit Union
  • Chief Compliance Officer, Aven
  • Asst. General Counsel, Bank of America
  • Duke, U. of Mich, U of Chicago

Accomplishments

  • Led compliance function for the industry’s first Home Equity backed Credit Card
  • First GC at Oregon’s largest credit union preparing institution for crossing $10B threshold

Capabilities

  • 30+ years of experience in Banking Legal and Compliance including Startups, Scale Players, & Regional Players