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PerkStreet Financial
Trade name
PerkStreet
Industry
Finance
Founded
Boston, Massachusetts, United States (November, 2009)
Defunct
August, 2013
Fate
Defunct
Headquarters
Boston, Massachusetts
,
United States
Owner
Dan O'Malley
Number of employees
25
Website
Perkstreet.com
PerkStreet Financial was an American-based virtual bank that offered checking and debit card accounts with cashback rewards. PerkStreet was one of the first so called Challenger Banks and was followed by players such as BankSimple (later renamed Simple) and Moven. The company was founded in Boston, Massachusetts in November 2009, and was led by former Capital One executive Dan O'Malley and Jason Henrichs.[1] With no bank branches, PerkStreet Financial had low operating costs. However, a cashback rewards program that approached 2% for some debit card accounts turned out to be unsustainable, and contributed to the company's closure in 2013.
^Psaty, Kyle (May 20, 2010). "PerkStreet Bank Makes Checking Virtual, Brings Greater Incentives". BostInno. Retrieved August 30, 2013. [dead link]
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August Perk (October 25, 1897, Lohne / Lingen, Germany; – May 12, 1945, Braunschweig, Germany) was a German Resistance fighter against the National Socialism...
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William George Wyman (né Perks; born 24 October 1936) is an English musician who was the bass guitarist with the rock band the Rolling Stones from 1962...
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