BECU has helped members transfer more than $1.5 million into savings accounts using “Quick Save” during current COVID-19 pandemic
MX, the leader in money experience, spotlighted BECU at the first annual Money Experience Summit for its efforts to empower its members to be financially strong during the current COVID-19 pandemic. The annual spotlight highlights one organization that is using the power of data to affect financial health and social change among their members and in their local community.
At the beginning of the pandemic, BECU identified a segment of its members who did not have automatic savings set up and likely needed help finding ways to save money. To address this, BECU implemented the Quick Save feature in their mobile app, which allows members to easily transfer funds to their savings account by using the ‘slide to save’ panel on their dashboard. By making the act of saving as simple as a swipe, BECU helped their members build a savings habit. To date, Quick Save has helped members transfer more than $1.5 million into savings accounts.
“For many years BECU has been a critical and deeply aligned partner of MX. They are resolute in their determination to strengthen the financial well-being of their members and their community,” said Nate Gardner, Chief Customer Officer of MX. “Working closely with BECU to develop a tool that helps nudge and guide members to flex their savings muscle inside of mobile banking has been a thrill, and it exemplifies BECU’s ardent commitment to financial strength and providing money experiences with major positive impact on the hundreds of thousands of members they serve.”
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