Timberland Bank taps Plinqit for financial wellness and savings tools
Washington’s Timberland Bank has partnered with savings platform Plinqit to provide its customers with financial wellness and savings tools.
Timberland Bank partners Plinqit
The partnership will see Timberland customers gain access to a range of digital tools and educational resources designed to improve financial literacy and establish saving habits.
To incentivise learning, Plinqit’s savings platform pays users as they acquire new financial literacy skills and, for Timberland, the platform costs less to run than a traditional savings account.
Timberland Bank’s customers can access Plinqit through the bank’s digital banking platform thanks to Plinqit’s integration with Jack Henry’s Banno Digital Toolkit.
“Our collaboration with Plinqit has made offering financial literacy tools much easier for financial institutions like Timberland Bank,” says Julie Morlan, senior managing director of digital solutions at Jack Henry.
Plinqit CEO Kathleen Craig says community banks such as Timberland “play a vital role” in helping their customers make the best financial decisions possible, especially in today’s economic climate.
“Between rising debt levels, inflation and other economic factors, consumers should feel equipped to make smart financial decisions, but this is difficult without adequate financial education,” adds Craig.
Founded in 1915, Timberland Bank has more than $1.8 billion in assets and 23 branches across the state of Washington.
