Business
Amscot Financial Partners with Green Dot to Offer Modern Banking to Customers
PROVO, Utah, November 17, 2025--Amscot Financial announces partnership with Green Dot leveraging the Arc embedded finance platform
About this update from Green Dot Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":3734,"height":1080,"url":"https://media.zenfs.com/en/business-wire.com/f527f8e47ea0bc2125ee723af93688d0"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/diyYqt2ZGe.ccF2MhJu7.A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTI3ODtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/f527f8e47ea0bc2125ee723af93688d0","width":960,"height":278},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/l6WahNPM6zpvQXd3rJ4qWg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTI0MDA7aD02OTQ7Y2Y9d2VicA--/https://media.zenfs.com/en/business-wire.com/f527f8e47ea0bc2125ee723af93688d0","width":1200,"height":347}},"lazy":false},{"type":"text","content":"Powered by Green Dot’s embedded finance platform, Arc, the new partnership will bring secure, seamless and affordable banking to Amscot’s more than 230 financial service centers","length":177,"tagName":"p","attribs":{}},{"type":"text","content":"PROVO, Utah, November 17, 2025--(BUSINESS WIRE)--Amscot Financial, a financial services company offering a wide range of solutions to customers throughout Florida, today announced a new partnership with Green Dot Corporation (NYSE: GDOT) to expand its product suite with demand deposit accounts (DDAs) that deliver seamless and affordable banking services. Powered by Green Dot’s embedded finance platform, Arc, the new solution offers customers access to comprehensive banking services, including a DDA, a built-in secured credit card, a network of more than 25,000 free in-network ATMs, and additional features to come.","length":621,"tagName":"p"},{"type":"text","content":""For more than 35 years, Amscot has prioritized safety and reliability for hardworking Floridians seeking financial services," said Ian MacKechnie, founder and CEO of Amscot Financial. "This partnership with Green Dot advances our mission by enhancing accessibility to modern, affordable banking options that help our customers build strong financial foundations."","length":384,"tagName":"p"},{"type":"text","content":"Demand for alternative financial services remains significant in the U.S. The latest FDIC data shows 14.2% of U.S. households – about 19 million – were underbanked in 2023, meaning they have a bank or credit union account but primarily use nonbank products and s...