Ain't Your Daddy's Banks: A Deep Dive into Chime, Current, and Varo Remember the good old days of free pens on chains at the bank, or lollipops at the drive-thru? Cute, but… what about getting your paycheck a couple of days early, or bouncing off costly overdraft fees like a Superball? Yeah, I thought that might get your attention. These are actually standard perks from financial technology companies like Chime, Current, and Varo, who’ve been stomping up the stairs to the big leagues in recent years. "Neobanks", they call 'em – spurring an evolution in banking with their eyes set on outstripping the banking big guns like Wells Fargo. Their appeal? Flexibility, control and a big neon sign saying "Welcome Y'all", aimed at middle-class Americans. Different to your parents' banks? Most definitely, and that's not by accident. Harvard Business School's very own Marco Di Maggio tells us the rapid growth of neobanks is all about people wanting something new from banking. With a growing distaste for traditional banking behemoths like Bank of America and JPMorgan Chase, especially among Millennials and Gen Z, it's no surprise these fresh-faced alternatives are all the rage. Lucky for us, every day's an all-you-can-eat buffet of modern banking choices, each tantalizing with unique features. To help you gorge on this financial feast, buckle up for a detailed comparison of Chime, Current, and Varo. Neobanks Pros and Cons So, let's cut to the chase – what can Chime, Current, and Var… Read more