Challenger bank Rellevate launches digital consumer financial services platform

By Pavithra R

Challenger bank Rellevate, building an innovative FinTech, employer-based and direct-to-consumer, digital account and transactional financial services platform, has officially announced the launch of its digital consumer financial services platform. The announcement was made by Stewart A. Stockdale, Rellevate’s Co-Founder, Chairman & CEO. He has also announced that the platform will facilitate banking services through Sutton Bank.

Rellevate’s signature platform includes features such as digital account which allows employees to deposit their paychecks into an account directly, access to payroll which enables employees to access payroll between pay cycles, Bill Pay, Visa debit card which can be used anywhere Visa debit cards are accepted and also provide access to funds through ATM’s,  and enables users to move money person-to-person.

“There is no better time to launch our digital consumer financial platform for employees who now more than ever need it most. Consumers need a transparent and robust platform that puts them in the driver’s seat of their hard-earned wages by providing convenient and flexible access to their payroll between pay cycles, and Rellevate offers them that and more. Rellevate, with our new partnership with Sutton Bank, offers products needed by most employees today, including a digital account, Visa debit card, Pay Any-Day, bill pay, and send money. Our platform has been extremely well received and we look forward to onboarding our first employers in the hospitality and services industries who will make Rellevate’s products available to their employee bases,” said Stewart A. Stockdale, Co-Founder, Chairman & CEO of Rellevate.

Sutton Bank is the sponsor bank for selected financial service products in the Rellevate suite. The partnership with the bank provides FDIC Insurance for the platform’s consumer accounts.

“Sutton Bank is pleased to partner with Rellevate and facilitate financial services for Rellevate’s customers. Sutton continues to work with all of its partners to provide financial services as well as access for companies and consumers in this constantly changing environment,” said Jeff Lewis, SVP-Payments and Prepaid of Sutton Bank.

Founded in 2019, Rellevate is a digital FinTech company dedicated to empowering consumers through innovative services that allow consumers to access, move, and use their money anytime, anywhere. Earlier in January, the company formed a partnership with Technisys to enhance digital banking.