Moven, a mobile banking service similar in some respects to recently acquired Simple, exited from beta this week, meaning users no longer have to request an invite to sign up for an account. Now publicly available, the company is allowing users to open a bank account directly from their smartphone, which can be funded through external transfers and/or direct deposits.
For background, like Simple, Moven is not a bank itself. Instead, its accounts and associated MasterCard debit card are backed by CBW Bank, an FDIC member based in Kansas.
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