indi – Smart Banking 2.0.2

indi is a smart banking solution designed specifically for independent workers. With its convenient mobile app, users can easily handle their banking needs, save for taxes, and keep track of expenses all in one place. It's worth noting that indi is an FDIC-insured account and comes with a prepaid debit card, making it a reliable choice for independent workers.

What sets indi apart is its focus on simplifying tax management. Since income taxes are not automatically withheld for most 1099 workers, indi offers tools to help users better prepare for tax time. The account structure allows users to visualize their balance in two categories: "Okay to Spend" and "Tax Savings." Additionally, indi provides a personalized tax savings goal based on income information provided by the user, helping them estimate the amount they should save to cover their federal and state taxes.

An essential feature of indi is the ability to automatically save for taxes. Users can set up direct deposit to allocate a percentage of each deposit to their Tax Savings category, ensuring they are consistently saving for tax obligations. The money in the Tax Savings category is always accessible, but indi will notify users if they dip into those funds and will adjust the percentage allocate going forward.

Aside from its tax-focused features, indi offers other helpful tools for independent workers. The indi debit card can be used for both work and personal purchases, allowing users to easily categorize deductible expenses. Receipt capture functionality enables users to upload receipts directly into the app, keeping their financial records organized.

indi stands out as a cost-effective solution as well. There are no signup fees, monthly service fees, minimum balance requirements, or overdraft fees - making it a user-friendly option for independent workers.

Users can have confidence in indi's reliability and security. All indi accounts are FDIC-insured up to the maximum amount allowed by law. Additionally, indi is supported by PNC Bank, offering fee-free cash withdrawals at over 18,000 ATMs within the PNC network and the ability to deposit cash at various retailers nationwide.

It's important to note that while indi's Tax Savings Goal feature provides a useful estimate of potential tax savings needs, it is not a substitute for personalized tax planning or professional advice. Each individual's financial situation may differ, and local taxes are not accounted for in this feature. Therefore, users should be mindful of their specific tax liabilities and avoid using funds designated for Tax Savings for other purposes.

Indi offers a convenient and comprehensive banking solution tailored to the needs of independent workers. With its emphasis on tax management and expense tracking, it simplifies financial management for this unique demographic, all while providing a reliable and cost-effective banking experience.