Solarisbank cooperates with fintech Clanq

Together, the German and Swiss startups are implementing a banking app aimed at families.
Berlin-based Solarisbank is cooperating with Zurich-based fintech Clanq on a banking app. Solarisbank will also host the bank accounts that customers set up for the banking app, as Finance Forward reported.
The app's offering is aimed at families: each child has their own sub-account. When the parents make purchases, the children receive a cashback of 0.1 percent on their account. The parents' account is free. A child's account costs 95 cents per month. There are even said to be other unusual features like an ETF savings plan for the kids.
One drawback for many could be that the children do not receive a bank card. However, the start-up plans to introduce one at a later date. In addition, the children's cashback will soon be higher with some companies: Until now, you would have to pay 1,000 euros to even have the children's account maintenance fees back in.

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