JP Morgan folds smartphone bank account one year after launch
Reuters reports that Finn accounts – launched across the US in June 2018 – will be absorbed by JP Morgan’s existing Chase app. Account numbers and passwords will not need to be changed.
Finn was designed to appeal to millennials who prefer to carry out transactions via their smartphones. The app allowed customers to open a bank account, make deposits, track spending and set up a savings plan.
According to CNBC, Finn customers have been told their accounts will be moved to Chase on 10 June and monthly fees will be waived indefinitely.