Company Information

Get to know PurePoint Financial

Launched in 2017 by MUFG Union Bank, PurePoint Financial was designed as a hybrid digital bank to attract savings-focused clients across the United States. It combined the convenience of online and mobile banking with a network of physical "financial centers" in major metropolitan areas for in-person support. The brand's primary value proposition was offering consistently high annual percentage yields (APYs) on its savings products, such as Online Savings accounts and CDs, without charging monthly maintenance fees. In early 2022, MUFG Union Bank announced the consolidation of PurePoint Financial back into the main Union Bank brand, and all PurePoint accounts were officially transitioned to Union Bank accounts.

Industry

Financial BankingPRIMARY
Financial Other Service
Financial Wealth Management

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PurePoint Financial

United States

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.