TLDR Tech / Fintech
Nubank takes on America
Nubank has officially launched in the US today, operating through its partner Lead Bank while awaiting full OCC charter approval, which received conditional approval in January. The new Nu Account offers a 3.5% APY, increasing to 4.5% on balances up to $10k for users who hold the credit card and use it three times monthly. The credit card features no annual fee and 1.5% unlimited cashback, with potential to reach 2%. Free transfers to Brazil, Mexico, and Colombia are available from launch.
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