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Clip Money and Green Dot Partner to Expand Cash Deposit Service with 4,000 New Locations

Jan 30, 2025•over 1 year ago

Contract Type

partnership

TorontoFinancial ServicesFintechBanking

Description

Clip Money and Green Dot Corp. partnered to expand Clip Money’s over-the-counter deposit service for businesses through Green Dot Network locations nationwide, offering a more convenient and efficient way for businesses to handle cash deposits at retail and grocery locations. The partnership adds over-the-counter business deposit service to Clip Money’s existing network of deposit locations, solidifying their position as the largest non-bank business deposit network in the United States.

Company Information

Company

Clip Money

Location

3400 - 333 Bay Street

Toronto, Ontario, Canada

About

Clip operates a multi-bank self-service deposit system for businesses through its ClipDrop Boxes that gives users the capability of making deposits outside of their bank branch at top retailers and shopping malls. Rather than having to go to their personal bank branch or using a cash pickup service, businesses can deposit their cash at any ClipDrop Box located near them. After being deposited, the funds will automatically be credited to the business’ bank account, usually within one business day. The Company combines functional hardware, an intuitive mobile app and an innovative cloud-based transaction engine that maximizes business-banking transactions. Combined with mobile user applications, Clip offers a cost-effective and convenient solution for business banking deposits in metropolitan statistical areas across Canada and the United States. For more information about the Company, visit www.clipmoney.com. For further information, please contact: Joseph ArrageChief Executive Officertel: 844-593-2547

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