What does GREENWOOD do?

Greenwood is a digital banking and financial services platform dedicated to serving Black and Latino communities in the United States. Founded and led by Black individuals, Greenwood draws inspiration from the historic Greenwood District of Tulsa, Oklahoma, known for its economic prosperity. The platform aims to empower users with tools to build and sustain wealth, addressing the needs of those underserved by traditional financial systems. Greenwood offers a mobile app that features digital checking accounts with no hidden fees, high-yield savings accounts with competitive interest rates, and commission-free investing in stocks and ETFs. Users can access early paycheck deposits and benefit from overdraft protection. The Greenwood Premium Membership provides additional financial tools and education, emphasizing transparency and trust. The platform also encourages community support through features like roundup donations and cashback rewards for purchasing from Black-owned businesses, reinforcing its commitment to economic empowerment and community reinvestment.