<p>There are a bunch of apps and start ups, like Qapital and Varo that helps you save money. Some of them has monthly fees, but not all of them. How else could a company like that make any profit, if their only service is saving accounts and using their debit card?</p>
<p>Is there a way they could earn money by using their debit card? Or would they invest the money on the saving accounts into safe assets, so they could make more profit?</p>

CC BY-SA 4.0
2020-07-27T19:27:16.473Z
Usually startups are funded by advertising and by the hope of charging monthly fees next year.
Criticize SE actions means ban
CC BY-SA 4.0
2020-07-28T10:27:00.740Z
I don’t know anything about those named apps, but the rule of thumb is if a tech company is not charging you, you are the product. I.e., they sell your data or advertise to you.
Brian Romanchuk
<banking><saving>
How do personal finance banking apps make money?
curiousTrader
# How do personal finance banking apps make money?

(Asked by: username_0 on 2020-07-27)

There are a bunch of apps and start ups, like Qapital and Varo that helps you save money. Some of them has monthly fees, but not all of them. How else could a company like that make any profit, if their only service is saving accounts and using their debit card?

Is there a way they could earn money by using their debit card? Or would they invest the money on the saving accounts into safe assets, so they could make more profit?

**Tags:** banking, saving
> **Comments:**
> **username_1**: Usually startups are funded by advertising and by the hope of charging monthly fees next year.  
> **username_2**: I don’t know anything about those named apps, but the rule of thumb is if a tech company is not charging you, you are the product. I.e., they sell your data or advertise to you.  

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## 0 answers

