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Payments News » How Wealthfront Is Strengthening Its Banking Arsenal

“Wealthfront may be one step closer to becoming a super robo . The Palo Alto, California-based digital firm is teaming up with the banking and financial services company Green Dot to offer clients a Visa debit card and the ability to direct deposit paychecks from employers, Green Dot CEO Steve Streit said in a May earnings call . Streit cited the successful launch of the Wealthfront cash account in February that attracted $1 billion in deposits in just a few months. The robo advisor recently upped the annual percentage yield to 2.51% one of the highest rates in the industry.”

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