Infrastructure

Canadian all-digital motusbank to launch in spring 2019

February 11, 2019, 5:06AM EDT

Meridian Bank's subsidiary motusbank, a new full-service digital bank, is planning to launch its services in Canada in spring 2019, motusbank announced in a press release. The new bank will offer everything from no-fee savings and checking accounts, loans and lines of credit, investments, and even mortgages via banking online and the mobile platform.

"We are seeing some fundamental changes in what people expect from their financial institutions and how financial services are being delivered," says David Baldarelli, motusbank COO. "We've responded to what Canadians want by developing a simple and intuitive digital platform that makes banking feel good, and an experience that makes people feel valued and secure. motusbank members will have the right tools, competitive rates and great service to manage their finances and overall health and wellbeing."

Maurin, President and CEO at Meridian Bank says: “Motusbank will treat members as true partners, offering an exceptional digital experience, along with some of the most competitive rates and fees in the country.”