At Sequence, our goal has always been clear: to help users gain control over their finances by building the best and smartest financial automatic transfers machine. We believe in empowering users to move their money seamlessly and efficiently, allowing them to focus on living their lives rather than managing their finances. Along this journey, we recognized that the most effective way to facilitate these transfers is through a bank account.
So, does that make Sequence a bank?
No, Sequence is a technology company that has partnered with Thread Bank, an FDIC member.
Does Sequence open bank accounts for its users?
Yes, Sequence opens bank accounts for our users. However, these accounts are not marketed as traditional bank accounts, nor do we expect or ask our users to treat them as such. We don’t want you to switch banks or change your primary financial habits. Instead, these accounts act as a powerful tool—a vehicle purpose-built to optimize the speed, accuracy, and ease of moving money where it needs to go.
Why did we make this choice? By partnering with an FDIC-insured institution, we ensure that funds are safe and transactions are swift. This structure allows us to provide a seamless experience without introducing unnecessary friction or risk. Your money remains under your control, and our platform is simply the mechanism that makes it work smarter.
Our users are intelligent and discerning, and we strive to engage with them in a way that reflects their sophistication. Sequence is not about replacing your existing bank; it’s about enhancing your financial ecosystem with a modern, intuitive layer of automation that simplifies complexity without cutting corners.
So, while Sequence uses bank accounts to deliver its mission, we are not trying to be a bank. We are here to help you do more with the financial systems you already trust, making your money work harder and smarter for you. It’s not about changing where you bank—it’s about changing how you experience your finances.
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