NEW YORK–(BUSINESS WIRE)–April 12, 2022–
To compensate for the proximity doubling of prices year on year at the pump, Moves, an innovative financial services company designed exclusively to meet the needs of America’s on-demand workers, today announced it is offering 5% cash back on all gas purchases. Soaring gas prices are causing the take-home pay of ride-sharing drivers and couriers to plummet, putting these self-employed workers at financial risk.
Winners from Uber, Lyft, Doordash or other major gig platforms can download Moves and apply for the Moves spending account. Once approved, users will receive cash back on their very first gasoline purchase. A minimum spend or balance is not required and cash back rewards are added weekly to gig worker accounts.
In addition to providing cash back on gas purchases, Moves spending account holders also guarantee access to all the benefits the company offers to its members, including cash advances, l free use of ATMs, stock rewards in businesses they earn, and early access to weekly payouts. .
“Rapidly rising gas prices over the past few months have dramatically reduced the net incomes of millions of gig workers,” said Matt Spoke, CEO and Founder of Moves. “We have heard and seen how this is affecting their livelihoods, and as a company dedicated to the financial well-being of site workers, we knew we had to take immediate action.”
While some ride-sharing platforms have introduced surcharges for customers to offset soaring gas prices, the increases are not enough to cover the additional costs drivers face.
The Moves Five Percent Cash Back Debit Card offers a higher cash back percentage than most debit cards and can be used at any gas station. Moves Cash Back is deposited weekly, making it an easy way to save money at the pumps.
“Gig workers are in a rush right now,” Spoke added. “Companies that exist to support or serve gig workers need to step in and help them during this time. Our cash back offer demonstrates our focus on solving the critical and immediate challenges faced by millions of gig workers. We heard their collective asking for help, and we responded.
Moves is the all-in-one financial app designed exclusively for gig workers. Moves members can better manage their money while earning free shares in the companies they work for.
Moves is headquartered in Toronto and has a world-class team of 35 people who strive every day to improve the gig economy for its workers. The team is led by CEO Matthew spoke.
To be eligible for the Gas Cash Back offer, you must have a Moves Spending account with Blue Ridge Bank, NA You will be eligible to earn cash back on your very first purchase with the Moves Visa® card provided your account be open. No other eligibility requirements apply to the Gas Cash Back offer.
This offer period is limited in time and will be available from April 4, 2022 at 12:00 a.m. EST through June 3, 2022 at 11:59 a.m. EST.
Moves Financial reserves the right to modify, withdraw or restrict the Gas Cash Back “Offer” at any time without notice. Moves Financial is the sole arbiter of these rules, the calculation of “Qualifying Gas Expenditure” and any other matters arising out of the Offer. If Moves Financial suspects fraudulent or abusive behavior, system gambling or breach of these Terms, Moves Financial reserves the right to remove all promotions from the applicable Moves Spending Account and take any other action it deems appropriate, including, but not limited to, closing applicable Moves accounts. An invitation to participate in this offer does not guarantee that the invited customer will be accepted as a customer of Moves Financial or Blue Ridge Bank. Moves Financial Standard Terms ( https://movesfinancial.com/legal/ ) relating to your use of Moves and all agreements that apply to the Moves Spending Account each apply and are in no way affected by this offer.
For the purposes of the above, Moves Financial is acting as agent for our banking partner, Blue Ridge Bank, NA
Moves Financial is a fintech company and is not a bank. Banking services are provided by Blue Ridge Bank NA; FDIC member. The Moves Financial Visa® Debit Card is issued by Blue Ridge Bank NA pursuant to a license from Visa USA Inc. and can be used anywhere Visa debit cards are accepted. Cash advances are provided by Moves Financial, not Blue Ridge Bank NA
Brokerage services and products are provided by Bumped Financial LLC, member FINRA / SIPC. More information about Bumped Financial LLC is available at FINRA BrokerCheck. Mention of a specific stock or holding is for illustrative purposes only and does not constitute an investment recommendation. This is not an offer to buy or sell securities, or to open an account on which Bumped Financial LLC is not registered. The Bumped app and website are operated by Bumped, Inc. Bumped Financial is a wholly owned subsidiary of Bumped, Inc. Moves is not an affiliate or subsidiary of Bumped, Inc. or Bumped Financial.
Investing in securities involves risks, including possible loss of principal: Not FDIC insured • No bank guarantee • May lose value. Past performance is not indicative of future results. Neither Moves nor Bumped Financial offer investment advice. Accounts are self-managed. Individual investors should consider the risks and rewards associated with any investment or strategy and weigh the potential benefits of an investment against the risks associated with any investment. The risks include the loss of the total value of the investment.
The accumulation of collective voting shares is not relevant in determining whether it is appropriate to hold a particular share. Investors should prioritize their individual investment objectives and personal investment considerations when deciding whether to buy, hold or sell a security. Individual investors should consider the merits of a particular investment with respect to their individual investment objectives, overall financial situation and risk appetite.
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CONTACT: Samuel Pajot-Phipps, VP Growth & Operations
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: OIL/GAS ENERGY TECHNOLOGY FINANCE SMALL BUSINESS BANKING TRANSPORT OTHER CONSUMER PROFESSIONAL SERVICES TRAVEL TRANSPORT OTHER TECHNOLOGY SOFTWARE PUBLIC TRANSPORT CONSUMER
SOURCE: Moves Financial
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PUBLISHED: 04/12/2022 09:00 AM/DISC: 04/12/2022 09:02 AM