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Greenwood Bank

When you bank with Greenwood, you save money, help the community, and get paid early.1 Recirculating wealth. That’s the Greenwood way

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Modern Banking for the Culture


Q Is Greenwood Black and Latinx owned?

Yes. Greenwood is the trading name for The Relevant Group, which is majority owned, managed and operated by Blacks and Latinx people.

Q Will you have a mobile app?

Yes, we are modern banking for the culture.
Is there any other way to provide banking services in 2020? We’ve got you covered on Apple or Android platforms.

Q Is my money FDIC insured?

Yes, all deposits will be FDIC insured up to the maximum allowed of $250,000 with our partner FDIC institution.

Q Must you be a US resident to open an account?

Yes, you must be a US resident living in the US to open an account.

Q Will you offer Business Accounts?

Yes, while not available at launch, we will have business accounts. Stay tuned and please continue to check our website for more information.

Q Will your cards have the chip and be contactless payment enabled?

Yes. All cards will ship with the security chip and be enabled for contactless payments.

Q Is there a minimum first deposit?

No. We welcome customers of all sizes and don’t punish you with extra fees for the privilege of receiving your money. We simply say thank you for trusting us.