Treasury Prime Partners with First Dollar for White-Label Virtual Accounts

Treasury Prime partnered with First Dollar to deliver white-label virtual accounts, checking accounts, and debit cards via Treasury Prime's banking-as-a-service API platform. Under the arrangement, Treasury Prime provides the middleware layer that connects First Dollar to a partner bank operating under an FBO (For Benefit Of) account model. Treasury Prime handles the API integration, compliance tooling, and operational infrastructure, while the partner bank provides the chartered banking services and deposit insurance.

First Dollar leverages this setup to offer branded banking products to its end users without holding a bank charter. The FBO model allows First Dollar's customers to benefit from FDIC-insured deposits held at the partner bank. This partnership is representative of Treasury Prime's broader strategy of connecting fintechs to community and regional banks through its BaaS platform.

No specific financial terms of the partnership were disclosed.