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New US bank on the block Sable aims to support new migrants

March 22, 2021

The neobank, underpinned via a partnership with Coastal Community Bank, aims to offer new arrivals both debit and credit accounts.

It says users do not need to have a social security number and can use its services to build up a credit history in their new country. Prospective users need only a passport and US visa for document verification.

Sable claims it can open a new account in five minutes, with the a virtual debit and credit card usable “immediately” through a mobile payment app.

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