It’s a well-known fact that minority communities are at a severe economic disadvantage in the United States. A recent study conducted by The Federal Reserve reports the average black American family has a total wealth of $17,600 — about one-tenth the wealth of the average white American family, which stands at $171,000. This disparity of assets is largely referred to as “The Racial Wealth Gap”. Lack of access to financial services and education makes it extremely difficult for minority families to save, invest, and grow their money over time. So many families of color struggle to turn their income into wealth.
BLANK is a Black-Owned bank that’s revolutionizing the fintech (financial technology) industry by offering an innovatively empowering mobile banking experience. Our financial solutions & services are uniquely developed to accelerate financial inclusion, advance economic mobility, and financially empower underserved minority communities. At our core, we believe everyone should have the opportunity to become financially empowered. So, we’ve developed a next-generation banking platform tailored to meet the needs of minority individuals, businesses, and the communities they call “home”.
How is BLANK Not Like Other Banks?
We believe financial inclusion and financial literacy should be provided by the institutions that benefit from their consumers. So, we decided to become the change we wanted to see by creating a virtual banking solution that provides financial convenience, education, security, and rewards.
No other Banks are doing what we’re doing.
When members join BLANK, they receive access to our mobile application, a zero-fee checking account, an optional “Smart Savings” account, and a free debit card. Additionally, we are the first neobank that allows you to earn cash rewards when you shop with black-owned businesses. Not only does our virtual banking platform make it easy to budget, save, and invest. You also earn rewards from partnering retailers in The BLANK Network™ which empowers both you (the consumer) and local businesses.
Why Should You Join BLANK? (The Ugly Truth)
Financial inclusion is an important step in closing the racial wealth gap. Decades of financial exclusionary practices such as redlining and gentrification are at the root of economic division between minorities and the majority population. Limited access to financial services (including federal mortgage lending) is the reason nearly half of black households are unbanked or underbanked. All of which have a direct effect on the success rate of black-owned businesses, the circulation of the black dollar, and generational wealth within the black community as a whole.
BLANK aims to solve these issues by increasing access to financial resources, providing financial education, and incentivizing support of black-owned businesses. In order to do that effectively, We Need Your Help. Simply visit our website and JOIN OUR WAITLIST to help us cultivate the change our community/country needs. As a consumer, you have the power to make a difference by educating yourself financially and utilizing your resources in a way that benefits your family and your community. As a business owner, you have the power to drastically grow and scale your business by joining The BLANK Network.
What is The Blank Network?
The BLANK Network™ is a culture-curated business network for Black entrepreneurs. We provide access to the resources, tools, and capital you need to scale your business while positioning you to reap the benefits of our revolutionary loyalty program. By design, the BLANK Network™ is a one-stop shop for entrepreneurs & businesses of all sizes. We meet our partners where they are to help launch, scale, and grow their businesses.
Click here to join The BLANK Network
Become part of the solution by joining BLANK today.
