Fin for Finn, JP Morgan’s mobile bank

JP Morgan Chase is to close its mobile-only bank for Millennials, Finn, just a year after it was launched across the US.

The Wall Street Journal reported that Finn customers were told their funds were being transferred to other Chase accounts.

Finn launched last June after extensive testing with its target market and a trial in St Louis. It featured smart budgeting tools, autosaving features and the ability to use emojis to rate transactions and purchases bought using the app.

Sources quoted by WSJ said that the bank decided it was better placed to provide many of these features itself.

In response to questions on Twitter, it responded: "We've learned so much from Finn and our customers. Chase is a better bank because of Finn, and we're excited to bring the best of it to all our Chase customers."

    Share Story:

Recent Stories


FREE E-NEWS SIGN UP

Subscribe to our newsletter to receive breaking news by email.


Every Mortgage Tells a Story
Vida Homeloans is the award-winning specialist mortgage lender for residential and buy to let customers who may not fit the criteria currently demanded by high street lenders. View this video now on how Vida help those in their personal circumstances or their investment strategies.