The Pie News reports that North Loop, whose checking accounts and debit cards are issued by partner Evolve Bank and Trust, has been set up by a former international student in order to combat the financial problems overseas students face.
Entrepreneur Tahem Veer Verma has created a no-fee account that students can sign up for without a US social security number. They can apply before leaving their home country and will find “their debit card is already waiting” on arrival.
Verma says this prevents international students arriving in the US with “a bunch of cash” and also removes the need to travel to other city locations to open an account in person at a branch.
