This financial app offers savings and spending accounts designed for the Black and Latino communities. It provides early direct deposit, fee-free ATM withdrawals, and opportunities to support community initiatives through account features.
Reviews of Greenwood are mostly negative: the Finance app is rated 4.8/5 from 7.3K App Store ratings. What users like most: smooth banking experience, early direct deposit. Top complaints: frequent app crashes and freezes, slow processing times for transfers and deposits. Summarized from real user reviews.
4.9.3
November 7, 2025
Bug fixes
3 issues
Login screen issues and inability to access accounts
Disappearing mobile deposit feature
5 requests
Add Zelle integration
Implement mobile check deposit
The Greenwood app provides digital savings and spending accounts for the Black and Latino communities. It aims to help users save money, get paid early, and contribute to community initiatives. Banking services are provided by Coastal Community Bank, Member FDIC.
Key features include digital savings and spending accounts with no minimum or monthly fees, earning 4.15% APY on savings, fee-free ATM withdrawals worldwide, early direct deposit, and contactless payment options. The app also integrates community giving through spare change round-ups.
Yes, the app is free to use. There are no overdraft fees, ATM surcharge fees at participating locations, minimum balance fees, or peer-to-peer transfer fees. The savings account has no minimum or monthly fees.
Users can open a savings account to set aside money for goals, use a spending account for daily transactions with a Mastercard-branded debit card, and benefit from early access to their paychecks. The app also allows users to contribute to charities like Goodr, UNCF, and NAACP.
Yes, deposits are insured up to $250,000 per depositor through pass-through insurance at Coastal Community Bank, Member FDIC, provided certain conditions are met. The Greenwood Debit Mastercard® is issued by Coastal Community Bank and is protected by Mastercard's Zero Liability Policy for unauthorized purchases.
