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Qube Money | Banking & Budgeting
United States
Jul 2019 (6 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know Qube Money | Banking & Budgeting
Company Information
Get to know Qube Money | Banking & Budgeting
Qube Money is a fintech startup company located at the base of silicon slopes in Pleasant Grove, Utah. Qube Money is a budget and banking based on the most successful behavior-changing budgeting method ever - cash envelopes. This unique banking experience maintains purpose and connection with the user's money plan or budget with each transaction. This fundamentally changes the users' relationship with money resulting in greater savings and the consistent achievement of goals. The app modernizes the outdated envelope budgeting system of previous generations by digitizing budgets into “qubes”. Consumers then set limits for different qube budgets, like groceries, clothing, and entertainment. A physical Qube Money debit card gives shoppers access to their pre-budgeted qube funds. This unique budgeting app helps consumers avoid overspending. When money in a qube is insufficient, shoppers are empowered to make in-the-moment budgeting choices about a purchase. The app is engineered to support a variety of budgeting dynamics in the household. Couples can choose Qube Companion Cards to strengthen financial transparency and keep open communication about shared budgets. Qube Money also offers an effective tool for families to track spending across different family members. With the help of Kid Cards, parents and children learn about responsible spending habits together. FREEING people from the tyranny of money by breaking the paycheck-to-paycheck cycle and eliminating personal debt is the heart of Qube Money. Qube Money is available to qualifying customers in the U.S. To learn more about the innovative app, visit the Qube Money website. The Qube Money Card is issued by Choice Financial Group, Member FDIC, pursuant to a license from Visa.
Industry
- Financial BankingPRIMARY
- Financial Other Service
- Financial Payment
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