Frequent Asked Questions
Here are some questions, which we are often asked. If you have any further questions, please don’t hesitate to contact us.
Fea Money is a banking app and education platform around the topics of finance and investment. We offer tailored products for women and their partners who want to build up wealth and save money for their future with minimal effort, money and risk, because they often do not have the financial and time resources to take care of their financial future.
When women and their partners use our Fea Money debit card as their everyday spending card, their cashback rewards money can quickly add up. It will be made available to the main card holder on a quarterly basis. They can then decide individually how they want to save or invest it or have the process automated in the app beforehand. Like this, women can take care of their financial future without spending a lot of time or having to sacrifice other spendings. Our cashback rewards system is focused on categories, where women control the vast majority of the worldwide spending power. These are typical household spendings, like: Retail, beauty, charities, restaurants, gas stations, grocery stores, drugstores, home improvement stores and fitness clubs. Every woman can request a partner card for her partner, which is linked to her account. When her partner shops, he or she earns cashback for the main card holder’s financial cushion.
Unlike most men, many women have different life stages that directly
affect their income. A few examples are:
Most women stay away from work or reduce their working hours due to motherhood.
- Many women work part time due to care work within their families.
- Many women earn less due to the still existing gender pay gap.
- Many trans women have financial difficulties during their transition. Most of these obstacles give women an unequal chance when it comes to saving and investing money and building up wealth. As of today, there is no bank that directly looks into this problem as they all offer one-size-fits-all financial services for both men and women. Fea Money solves this problem by offering bank accounts and financial services that are relevant to women and their partners at each stage of their lives. Our business concept is different from other fintechs and banks as we are focusing on social change for women including trans women. We offer cashback, which can only be used for saving and investing, as a means to empower women to invest and save even when she has currently no income.
Fea Money has partnered with a licensed and registered Swiss bank, the Hypothekarbank Lenzburg, meaning that your money is safe as it would be with any other bank. Deposits are insured up to CHF 100’000 and all data is stored on servers based in Switzerland.
Yes, women can request a partner card for their partners, regardless of the gender identity of the partner. This account will be linked to the main account holder, and the partners can also earn cashback, which is paid out to the main account holder. Fea Money welcomes anyone regardless of gender identity and does not discriminate on the basis of race, colour, religion, national origin, sex, marital status or age.
Yes trans women are women; we have created a special card to symbolize the pride and recognition of our trans women. Apart from the card, we want to offer financial and insurance products that directly speak to the needs of a trans woman, during all stages of the transition.
Fea Money is founded and located in Zurich, Switzerland. We have our headquarters at Förrlibuckstrasse 10, 8005 Zurich, Switzerland. Let us know if you want to come by for a coffee.
Not at the moment, but we are planning to launch abroad, when the time is right.
No, we do not have a banking license at the moment; that is why we have partnered with a licensed Swiss financial institution and also with MasterCard. We are working hard to acquire or own FINMA licenses.
We have a private investor, who will not be named publicly.
If you have any further questions, please feel free to contact us anytime.