It's FDIC insured, thanks to Majority's partnership with Axiom Bank. And when you sign up for an account, you'll get access to other Majority services, such as: Money transfers. Mobile top-ups.

Insured by the FDIC, Majority is a trusted and credible (7.9/10) partner with Axiom Bank (a member of the FDIC) to give you access to international digital checking.

But Majority, an immigrant-focused neobank, has managed to stay afloat and raise funds amid the challenging landscape, a feat CEO Magnus Larsson attributes to the firm's ability to focus on its mission and maintain a subscription-based business model.

You do not need to open a new account. To change the phone number associated with your MAJORITY account, you call us at 855-553-3388.

MAJORITY is the first digital financial service dedicated to serving migrants worldwide.

Majority is a digital banking platform that provides a range of financial services to help individuals better manage their money. It allows customers to open an account, receive a Visa debit card, transfer money, top up their mobile phone, and access a personal advisor.

• Best Overall: Capital One. View Rates.
• Best Rate (Savings): First Horizon Bank. View Rates.
• Best Combo Checking/Savings Account: PNC.
• Best for Mobile Banking: Bank of America.
• Best for Low Fees: U.S. Bank.
• Best for Relationship Rewards: Citibank.
• Best in Customer Satisfaction: JP Morgan Chase.
• Best rate (Checking): Wells Fargo.

• Capital One – Best overall.
• First Horizon Bank – Best rate (savings)
• PNC – Best combo checking/savings account.
• Regions Bank – Best checking perks.
• Bank of America – Best for mobile banking.
• U.S. Bank – Best for low fees.
• Citibank – Best for relationship rewards.
• JP Morgan Chase – Best customer satisfaction.

Neobanks are new-age banks without any physical location, present entirely online. They provide digital, mobile-first financial solutions for payments, money transfers, lending, and more.

Houston, Texas MAJORITY's U.S. headquarters are in Houston, Texas.

Majority is a membership-based banking service. For $5 per month, customers get an FDIC-insured bank account, a Visa prepaid card, access to 50,000 in-network ATMs across the country, remittance services, and international calling.