Better Banks

Better Bank is a financial technology brand and a service offered by its parent company, Better HoldCo, Inc. (NYSE: BETR). Launched by the digital mortgage lender Better.com, Better Bank aims to provide a seamless, modern, and digital-first banking experience. It is not a chartered bank itself; instead, it provides the technology and user interface while the underlying banking services, including deposit accounts and debit cards, are provided by partner institutions, The Bancorp Bank, N.A. or Customers Bank, which are Members FDIC. This model allows Better Bank to focus on customer experience while ensuring regulatory compliance and deposit insurance through its partners.