BMTX - BM Technologies disburses $377M in government funds to customers since March 2020

BM Technologies ([[BMTX]] -1.8%) announced it has already disbursed $377M in government funds to its customers since March 2020.The government funds, including stimulus payments and tax refunds, have been made available to customers up to three days early; customers are earning interest on these funds in BM Technologies' interest-bearing checking accounts.While banks were urged to waive fees by federal regulators in 2020, they are expected to collect $30B+ in fees from last year, with the average charge being $33.47; contrary, BM Technologies has no-fee and low-fee accounts.

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BM Technologies disburses $377M in government funds to customers since March 2020