Our Story

Beam is a San Francisco-based mobile FinTech startup focused on reinventing your deposit account. Why does it need to be reinvented? Your bank makes 4.5%+ on every dollar you deposit with them, returning a mere 0.01% APY to you in deposit interest. The reality is that they can do more, much more.

At Beam, we have our eyes set on an ambitious goal: to change banking forever by 2030.

Today, over 95% of the US population uses a bank account, most of which are paying 0.01% a year in interest. Little do we know, for every dollar you deposit in your bank, your bank is making on average 4.5 - 5% a year, on your money, by loaning it back to you. Meanwhile, your cash in the bank is losing nearly 2% a year to inflation. Beam wants to change that, and keep more savings in consumers’ pockets.

As featured on The New York Post, Forbes, ABC, etc, Beam is a mobile bank account that pays 200x more than your average savings account, your funds are FDIC-insured with zero fee and no minimum. Come join us on a mission to change banking for the better.

Be The Change

We’re hiring! Check out the open positions on our Careers page.

Produced in San Francisco with by Beam © 2017.