customer referral program

The Spiral Customer Referral Program lets existing Spiral customers refer friends to apply for a Spiral Deposit Account. From March 23, 2022 until September 30, 2022, when someone you referred uses your unique referral link to successfully open and fund a new Spiral checking account with $200 or more within 30 days of opening and both accounts are maintained in good standing for 90 days including but not limited to insufficient funds or returned deposit items, Spiral will credit your account $50. Bonus will be paid only on referred accounts opened prior to September 30, 2022. Spiral will credit your account for $50 within 30 days following the month in which the referred customer maintained the account for 90 days. Invitees can use a referral link to sign up. All current Spiral customers are eligible to participate in the program and refer friends. Referred friends must be new customers to Spiral and have never had a Spiral Checking account in the past. You can access your unique referral link by logging into your Spiral account and going to the referrals page. Your unique referral link is valid for an unlimited number of invitations. This program is void where prohibited. We may modify or terminate this program at any time. We may refuse to pay any bonus or recover any bonus if we determine that the referrer or referee has abused this offer or if the bonus was fraudulently obtained.

eligible charities (IRS)

Only charities the IRS recognizes as tax-exempt on <a href="https://apps.irs.gov/app/eos/">https://apps.irs.gov/app/eos</a> and not <a href="https://www.spiral.us/disclosures/ineligible/">disqualified</a> by Spiral.

FDIC insured

Any balances you hold with nbkc bank, including but not limited to those balances held in Spiral accounts are added together and are insured up to $5,000,000 per depositor through nbkc bank, Member FDIC, and through the use of a deposit network service comprised of other FDIC insured banks, as described below. Please note that if you have funds jointly owned, these funds would be separately insured for up to $5,000,000 for each joint account owner. nbkc bank utilizes a deposit network service, which means that at any given time, all, none, or a portion of the funds in your Spiral accounts may be placed into, and held beneficially in your name at, other depository institutions which are insured by the Federal Deposit Insurance Corporation (FDIC). This is possible because Spiral and nbkc bank arranged for your deposits to be spread across a network of FDIC insured banks, where no more than $250,000 of the funds in your Spiral account will be deposited at any single banking institution in the network. Balances in your accounts may be moved to one or more network banks to increase the amount of FDIC insurance available to you. Once the funds arrive at the network banks, they are eligible for FDIC insurance of up to $5,000,000 per customer, in aggregate. Please be aware that your amount of FDIC insurance may be lower if the combination of any balances you maintain at a given network bank, plus any deposits from your Spiral account(s) held in the same network bank, exceed $250,000. For a complete list of other depository institutions where funds may be placed, please visit <a href="https://www.cambr.com/bank-list">https://www.cambr.com/bank-list</a>. Balances moved to network banks are eligible for FDIC insurance once the funds arrive at a network bank. To learn more about pass-through deposit insurance applicable to your account, please see the Account Documentation. Additional information on FDIC insurance can be found at <a href="https://www.fdic.gov/resources/deposit-insurance/">https://www.fdic.gov/resources/deposit-insurance</a>.

APY explanation

The Annual Percentage Yield (APY) on savings account balances is 1%. Interest rates are subject to change. This APY is current as of 8/1/2022. No minimum balance is required to obtain the 1% APY.

not a bank, banking provided by nbkc

Spiral is a financial technology company, not a bank. All deposit products and services provided by nbkc bank, Member FDIC

$150 donation matching

Spiral matches donations up to $150 per year when you make a minimum donation of $5 per year. If you set up a monthly direct deposit of payroll of at least $1,000 to your checking or savings account (or a recurring incoming transfer of at least $1,000 to your checking or savings account), Spiral will match your donations dollar for dollar up to the annual limits in the Donation Matching Table [<a href="https://www.spiral.us/disclosures/matching/">here</a>] depending on the amount of your monthly deposits. If at any time during the year you increase your direct deposit of payroll (or recurring incoming transfer) so that Spiral’s annual match would be higher, Spiral will match at the higher amount.

no fees

As long as you make a deposit or withdrawal at least every 90 days. Spiral will charge your account $7 per month (up to 6 months) if you do not make a deposit or withdrawal for 90 days. Interest posting is not considered a deposit for purposes of this fee.

features coming soon

Mobile check deposit and bill payment are coming soon.

Interest rates are variable and subject to change at our discretion, at any time without prior notice. No minimum balance required. See the APY info [<a href="https://www.spiral.us/disclosures/apy/">here</a>] for current rates.

2 days early

Your payment may be processed up to 2 days early. Timing depends on when your employer sends payment funds.

spiral debit card

The Spiral Visa Debit Card is issued by nbkc bank, Member FDIC.

Blog Category

Stories about using your money for good

Stories about using your money for good · Blog · Spiral

Dear Spiral Community,
We are excited to announce our integration with Q2's Digital Banking Platform. <a href="http://www.q2.com/">Q2 Holdings, Inc</a>. (NYSE: QTWO) is a leading provider of digital transformation solutions for banking and lending.
As part of the Q2 Partner Accelerator Program, financial institutions can purchase Spiral and offer its solution to their account holders through the Q2 Digital Banking platform, enabling customers to drive community and environmental impact through everyday purchases, round-up card transactions, monthly charitable giving subscriptions, and tax-deductible donor-advised funds.
The partnership is a significant step forward for Spiral as we aim to drive social impact and create a better world through innovation. Q2 has over 1,000 financial institution clients, representing over 30 million users across the United States.
The Q2 Partner Accelerator Program allows financial services companies to leverage the Q2 SDK and create standard technology integrations to the Q2 Digital Banking Platform. Spiral will offer Q2 customers a turnkey platform that allows them to increase customer and member engagement and retention by strengthening their ability to serve their communities while increasing revenues through higher spending and engagement.&nbsp;
"Competition is fierce, and banks and credit unions are looking for game-changer differentiators that will allow them to engage and expand their customer base," said Shawn Melamed, CEO and Co-founder of Spiral. "The Q2 Innovation Studio allowed us to develop a turnkey integration for Q2 customers that enables banks and credit unions to support their communities while increasing retention and attracting new generations of customers and members," he added. "We are delighted to be a part of Q2's vision to support innovative impact-driven banking experiences."
The Q2 Partner Accelerator Program allows financial services companies to leverage the Q2 SDK and create standard technology integrations to the Q2 Digital Banking Platform.&nbsp;
"We are excited to welcome Spiral to the Q2 Partner Accelerator program," said Johnny Ola, managing director of the Q2 Innovation Studio. "Financial institutions now have the ability to offer Spiral's community and sustainability products to engage and expand their customer base.&rdquo;
Spiral will attend Q2&rsquo;s <a href="https://connect.q2.com/">CONNECT 23</a> Conference in Austin, TX, on May 15-18. To schedule a meeting with Spiral while at the conference, please <a href="https://www.spiral.us/platform/signup">schedule a demo here.</a>&nbsp;
To learn more about the Q2 Innovation Studio Partner Accelerator Program, please click <a href="https://www.q2.com/innovation-studio-active-fi">here</a>.

Spiral teams up with Q2 to help financial institutions grow their deposits and engagement through impact.

Spiral Announces Integration With Q2's Digital Banking Platform

We are excited to announce that Spiral has been selected for the prestigious <a href="https://www.icba.org/newsroom/news-and-articles/2023/04/18/icba-announces-cohort-for-fifth-icba-thinktech-accelerator" target="_blank" rel="noopener">ICBA Thinktech Accelerator program</a> by The Independent Community Bankers of America (ICBA). This nationally acclaimed accelerator program promotes innovative solutions designed specifically for community banks and the customers they serve.
Since its inception in 2018, the ICBA ThinkTECH Accelerator program has connected the world's most innovative, cutting-edge fintech companies with more than 1,000 community bankers and industry leaders. The program is known for its proven methodology that rapidly validates and helps shape emerging industry solutions.&nbsp;
We are thrilled to be part of the ICBA Thinktech Accelerator program and to contribute to the innovation of growth in the industry. By participating in the program, we will have access to a network of industry experts, mentorship, and support to help us grow and expand our services to more customers. Spiral's Impact-as-a-Service&trade; platform makes it easy for community banks to engage their customers, attract younger generations, differentiate their brand, and offer impact-driven bank accounts, debit cards, and credit cards. With Spiral, they can increase revenue through higher engagement and increased spending, feature local charities, share updates about their impact, and provide transparency to where impact is being made in their local communities, thus amplifying their community impact.&nbsp;
We want to thank the ICBA Thinktech innovation team for selecting Spiral and providing this opportunity. We look forward to participating and contributing to the success of community banks and their customers.
Thank you for your continued support of Spiral, and stay tuned for more updates soon!
&nbsp;
Sincerely,&nbsp;
The Spiral Team

Spiral teams up with leading community banks and industry experts to drive innovation.

Spiral Selected for ICBA ThinkTECH Innovation Accelerator

We're excited to announce that Jim Vasquezi has joined our team as the new Chief Revenue Officer at Spiral. With over 20 years of leadership experience in banks, fintech, and financial institutions and a track record of building high-performing teams, Jim is the perfect addition to our team as we continue our mission to empower millions of people and companies to contribute to a better world.
Jim's passion for the critical role that financial institutions play in their communities has been a driving force throughout his career. He has held leadership roles at some of the most recognizable brands in fintech, including Fiserv, Digital Insight (now NCR), Finastra, Curinos, and Feedzai. He has experience working with banks and credit unions of all sizes and has a track record of building highly engaged and high-performing sales and account management teams that focus on building value for the company, its customers, and ultimately, their customers or members.
Jim holds an MBA from Assumption College and resides with his wife outside of Atlanta, GA. He has two beautiful daughters. He enjoys spending time with family and friends, watching college and pro football and basketball, and Broadway trips. Jim is also passionate about various causes, including cancer prevention and treatment, ending childhood hunger, DE&amp;I, equal justice, and Broadway Cares.
Shawn Melamed, Spiral's CEO &amp; Co-Founder, shared, "As we continue to focus on empowering financial institutions to embed sustainability and social impact into their businesses, we are thrilled to welcome Jim as our new CRO. His extensive experience in fintech and his commitment to building high-performing teams will be instrumental in our mission to empower financial institutions and make a positive impact on communities. We are confident that Jim's experience, expertise, and passion will help Spiral continue to grow and achieve our mission of empowering millions of people and companies to contribute to a better world."

From Community Banks to Fintech Giants: Jim's Journey to Joining Spiral as CRO

Jim Vasquezi Joins Spiral as CRO to Drive Impact for Financial institutions

Dear Spiral Community,
We are excited to announce that Spiral has been selected to participate in the premier program of Fintech Innovation Lab New York. This prestigious and highly competitive program brings together some of the most promising fintech startups from around the world. This is a significant milestone for Spiral, and we are honored to be chosen by such a prestigious organization.
Founded in 2010 by the Partnership Fund for New York City and Accenture, The Lab has helped establish New York as a fintech leader while growing technology jobs in the New York area. The program provides a unique opportunity for fintech startups to work with the world's leading financial institutions and receive mentorship from senior executives in the industry. The ultimate goal is to help startups accelerate their growth and bring innovative solutions to the financial sector.
Being selected for the Fintech Innovation Lab New York is a testament to the hard work and dedication of the Spiral team. We have always believed that our impact-driven approach to fintech can make a real difference in people's lives, and this recognition only validates that belief.
Over the next few months, we will work closely with our program mentors and partners to refine our product offerings and scale our impact. We are confident that this experience will be invaluable for Spiral, and we cannot wait to see what the future holds.
Here are some interesting statistics about the Fintech Innovation Lab and its success:
<ul>
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Since its inception in 2010, the Fintech Innovation Lab has helped over 80 startups grow and succeed in the financial sector.
</li>
<li dir="ltr" aria-level="1">
The program has a 95% success rate, meaning that 95% of the participating startups have gone on to secure major clients, partnerships, or investments.
</li>
<li dir="ltr" aria-level="1">
Participating startups have raised over $2.5 billion in funding collectively and created more than 2,000 jobs after participating in the program, and 24 of those companies have since been acquired.&nbsp;
</li>
<li dir="ltr" aria-level="1">
Over 50 financial institutions have participated in the program, including major players such as JPMorgan Chase, Goldman Sachs, and Citigroup.
</li>
<li dir="ltr" aria-level="1">
The Fintech Innovation Lab is now a global program with locations in New York, London, and Hong Kong.
</li>
</ul>
These statistics demonstrate the incredible impact that the Fintech Innovation Lab has had on the fintech industry and the startups that participate in the program. We are thrilled to be a part of this community and look forward to the opportunities and growth for Spiral.
We also hope that our participation in the Fintech Innovation Lab New York will inspire other impact-driven startups to pursue their dreams and never give up on their mission to create positive change in the world.
We want to express our gratitude to the Partnership Fund for New York City and Accenture for selecting us for this program, and we look forward to collaborating with our fellow fintech innovators in the coming months.
Thank you for your continued support of Spiral, and we can't wait to share more updates with you soon!
&nbsp;
Sincerely,
The Spiral Team
&nbsp;

Spiral joins forces with the world's leading financial institutions in an exclusive fintech program.

New York's Prestigious Fintech Innovation Lab Selects Spiral

When we founded Spiral three years ago, we didn&rsquo;t just want to bring our product idea to market &mdash; we wanted to help people and nonprofits drive positive change through everyday banking products and revolutionize financial services for a better world.
Now, we see that the financial industry is embracing a new reality.&nbsp;
Our passion for creating a future in which banks and financial institutions drive positive change, together with their communities and customers, motivates us to continue to push ourselves and our team. So today, we&rsquo;re announcing our latest funding round as we continue to grow and lead the world at the forefront of this space.
We are thrilled to announce our $28 million Series A round led by Team8 with additional funding from Euclidean Capital and Intuition Fund, Communitas Capital, Phoenix, and Nidoco AB. This brings our total funding to $42 million and gives us a powerful foundation to accelerate the future of our groundbreaking Impact-as-a-Service&trade; platform, which is transforming the financial industry for the greater good.
As our first impact-driven product, we launched a socially responsible consumer banking app in 2021, which grew to 65,000+ customers and $65 million in transactions in less than a year. After witnessing its rapid growth, we saw that rather than offering an independent banking app, the greatest value would be to partner with other financial institutions. The early success illustrates the urgency in which banks and credit unions need to incorporate access to impact-driven and ESG-forward banking, and demonstrates how offerings like this tremendously help with customer acquisition, engagement, and retention. We realized that our innovative impact products are game-changer differentiators for banks, credit unions, and financial institutions that want to lead the market and give back to their communities while increasing their revenues and expanding their customer base. Therefore, we decided to make our technology accessible to all financial institutions to help more people and businesses make an impact easily using their current banking and financial apps.&nbsp;
But there&rsquo;s still so much more work to do.
Picture a world where every financial transaction you make can help make a positive impact in your community and around the world. That&rsquo;s the vision of Spiral.&nbsp;
This year, we will launch our Impact-as-a-Service&trade; platform and expand our offerings for more than 10,000 financial institutions across the U.S., including banks, credit unions, and fintech companies. The latest investment will be used to grow our first-of-its-kind platform that helps banks and other financial institutions easily embed sustainability, social impact, ESG, and CSR into their products and empower millions of customers to achieve daily impact and contribute to a better world.&nbsp;
One of our core goals at Spiral is to help banks and credit unions unlock the power of community, sustainability, and social impact and drive customer engagement. With Spiral, they can increase revenues through higher engagement and increased spending with their cards and create socially responsible debit cards, credit cards, accounts, and payment products. By embedding our impact-driven products, banking customers at all income levels can easily make an impact through everyday purchases, round-up card transactions, monthly charitable giving subscriptions, and tax-deductible donor-advised funds for long-term charitable giving.
Inspired by our passion for revolutionizing impact, we continue to be a passionate, purpose-driven, mission-oriented, and people-oriented company. So once again, we'd like to thank our amazing customers, team, and investors for all their guidance and support as we continue to create a new age of financial services. 2023 is a big year for Spiral. And with this announcement, we know it's just the beginning.
So let's continue to push boundaries, break down barriers, and make a positive impact on people's lives.
&nbsp;
&mdash; Shawn
CEO and Co-Founder

Here's to Writing a New Chapter; From Spiral CEO and Co-Founder

News

Spiral Announces Integration With Q2's Digital Banking Platform

Spiral Selected for ICBA ThinkTECH Innovation Accelerator

Jim Vasquezi Joins Spiral as CRO to Drive Impact for Financial institutions

New York's Prestigious Fintech Innovation Lab Selects Spiral

Spiral Raises $28M Series A to Help Banks and Fintechs Easily Embed Sustainability and Social Impact

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