Laurel Road: Advances Digital Banking with New Checkout and Mobile App
NEW YORK, September 23, 2021 / PRNewswire / – Laurel Road, a KeyBank digital banking platform providing specialty offerings for healthcare professionals and businesses, today unveiled the Laurel Road Checking account and mobile app, enabling existing members and new to more easily manage their finances and save money. while paying off student debt and doing your banking anywhere, anytime.
Just six months after the launch of Laurel Road for Doctors, a new line of financial and banking products tailored for physicians and dentists, the company is further advancing as a digital banking platform with the launch of Laurel Road Checking.
This new offering is in addition to Laurel Road’s existing line of digital banking products, which includes a Student Loan Refi & Linked Savings℠ account and Student Loan Cashback℠ credit card, as well as student loan refinancing options, personal loan and mortgage, making it a complete platform for all the financial solutions that healthcare professionals and businesses need.
As part of this launch, and to also understand how young Americans bank, Laurel Road recently conducted a survey of 2,000 Gen Z and Millennials. The results show that many are up for grabs. looking for a change, as 45% of those surveyed said they wanted to change banks but didn’t know where to start and 38% said they would be encouraged to change banks because they are looking for better banking options. ‘saving.
“We know that the majority of Americans, both healthcare professionals and young Americans facing high student debt and demanding careers, seek banking and financial solutions that match their busy lifestyles and help them achieve their goals. Goals. That’s why our new checking account and mobile app are designed to make it easier for our members to manage their money, while helping to develop best practices in saving and growing their finances, ”said Alyssa schaefer, Head of Experience at Laurel Road. “As we strive to continue our efforts to deliver exceptional digital experiences with high-quality human support, it’s important to keep in mind that no one’s financial journey is stalling, which is why we’ve created products that will continue to grow with each of our members. ”
To support this desire for new banking experiences that also offer savings opportunities, Laurel Road Checking is offering discounts of up to 0.55% on refinancing your student loan with Laurel Road when you open a Laurel Road checking account and make monthly recurring direct deposits – that means hitting variable APRs as low as 1.37%. People approved for a student loan are eligible to get a reduction in the student loan rate by contributing to the checking account with monthly direct deposits, guaranteeing significant savings – and this is done online in a consistent experience. Additional benefits of opening a Laurel Road Checking account include:
- A limited time offer of $ 500 cash bonus on direct deposits totaling $ 2,500 or more within 60 days of opening the account.
- Overdraft protection, no minimum opening deposit and no account maintenance fees
- World Debit Mastercard benefits including chip capabilities and no monthly or annual fees
- Over 40,000 ATMs across the country
Members can also easily access the new Laurel Road mobile app as it is accessible on both iOS and Android. It has great features including ATM finder, mobile check deposit, P2P / Zelle contact list integration and transfers, bill payment management, and check ordering options.
Additionally, those who choose Laurel Road as their digital banking platform of choice have access to Laurel Road. Advantages!, a growing partner network of exclusive offers, discounts and benefits for all Laurel Road members, which includes partners such as P.volve, Sakara, Brooklinen, KidPass and Talkspace.
To learn more about Laurel Road Checking, Laurel Road’s new mobile app and growing digital banking offerings, visit (laurelroad.com/checking-launch).
About Laurel Road
Laurel Road began providing student loans in 2013 and has since helped thousands of professionals with undergraduate and postgraduate degrees consolidate and refinance over $ 9 billion in federal and private school loans. Laurel Road also offers a range of online graduate education loan products, mortgages and personal loans that help simplify lending through personalized technology and service. In addition, Laurel Road’s physician and dentist clients have access to Laurel Road for Doctors, a bespoke digital experience and specialist service launched in March 2021. In April 2019, Laurel Road was acquired by KeyBank, one of the country’s largest banking financial services companies. For more information, visit www.laurelroad.com. Laurel Road is a brand of KeyBank National Association offering online loan products in all 50 US states, Washington DC, and Porto Rico. The mortgage product is not available in Porto Rico. KeyBank is a member of the FDIC. Equal housing lender. NMLS ID # 399797.
KeyCorp’s (NYSE: KEY) roots go back 190 years to Albany, new York. Based in Cleveland, Ohio, Key is one of the largest banking financial services companies in the country, with assets of approximately $ 170.3 billion as of December 31, 2020. Key provides deposit, lending, cash management and financial services. investment to individuals and businesses in 15 states under the KeyBank name. National association through a network of more than 1,000 branches and around 1,400 ATMs. Key also offers a wide range of sophisticated merchant and investment banking products, such as merger and acquisition, public and private debt and equity advice, syndications and derivatives to mid-market companies in selected sectors across the United States under the business name KeyBanc Capital Markets. For more information, visit https://www.key.com/.
KWT Global for Laurel Road
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SOURCE Laurel Road