News
Why we said no to remittances, and the promise that comes with it
Everyday Banking · October 21, 2026
Every money app eventually faces the same question. Do you let people send money overseas?
It looks like an easy yes. International transfers are a huge business, and a lot of apps advertise them on their home screen. People want them. Partners will gladly power them.
We said no. Everyday Banking™ does not offer international remittances, and we don't plan to. This post explains why, what it means for you, and the promise we are making about where your money lives.
What a remittance is
A remittance is money one person sends to someone in another country. Usually it's a worker sending part of a paycheck home to family. That is a real and important thing people do. Millions of families depend on it, and nothing in this post is a judgment about anyone who sends money to people they love.
Our decision is about what we build, not about who you are or where your family is. Plenty of good, regulated companies specialize in international transfers. We chose not to be one of them.
Why we said no
The first reason is focus. We are a small team building a free money companion for people in the United States. We want to do a few things very well: show your balances, bills, and spending in one place, explain them in plain English, and help you notice problems before they cost you. Every feature we add has to be secured, reviewed, supported, and explained. Cross-border money movement takes more of all of those than almost anything else, and we would rather spend that effort making the everyday stuff better.
The second reason is safety. Money that crosses a border is harder to trace, harder to dispute, and much harder to get back. Many of the most painful scams follow the same pattern. Someone builds trust, creates urgency, and then asks for money to be sent somewhere far away, quickly, through a channel where "undo" doesn't exist. Romance scams, fake job offers, "your relative is in trouble" calls, and impostor government agents often end with an overseas transfer. To be clear, the vast majority of international transfers are completely legitimate. Scammers just like channels that are hard to reverse. If we never offer that option, it can't be used against you inside our app.
The third reason is rules. Sending money internationally is one of the most heavily regulated activities in finance, and for good reason. Anti-money-laundering rules, sanctions screening, and licenses in every state and country involved exist to stop money from reaching criminals and bad actors. Companies that do it well invest enormously in compliance. Doing it halfway is not an option, and we aren't willing to do it halfway.
The fourth reason is trust. We have said from day one that Everyday Banking is read-only. It connects to your accounts so you can see them, and it never holds or moves your money. A remittance feature would mean moving money, and moving it in the riskiest direction there is. Saying no keeps our product consistent with what we've promised.
Built in America, for people in America
Everyday Banking is a U.S. company, built for people who live and work in the United States. That is a deliberate choice, and it shapes everything we do.
It means the money services we work with are U.S. financial institutions and U.S.-regulated partners. When you link a bank or credit union account, your money stays there, in your name, under that institution's own rules and protections. When we evaluate future financial partners, being U.S.-based and U.S.-regulated is a requirement, not a nice-to-have.
It means our support, our disclosures, and our privacy practices are written for U.S. consumers under U.S. law. You never have to wonder which country's rules apply to your account.
And it means that when we talk about where your money lives, we can give you a simple answer.
Our promise
Here is the promise, in plain words:
- Everyday Banking doesn't move your money, so it will never send your money out of the United States. We don't offer international transfers or remittances, and we have no plans to build them.
- The financial institutions and money partners we work with will be U.S.-based and U.S.-regulated.
- We will never hold your money. It stays with your bank, credit union, or other provider, in your name, or in a wallet only you control.
- If any of this ever changes, we will tell you first, clearly, here and in the app, before it happens.
That's the whole promise. It's short because it's meant to be easy to hold us to.
What this does not mean
It doesn't mean you can't send money abroad. Your bank, your credit union, and licensed transfer services all still work the way they always have. Everyday Banking can help you see those transfers alongside the rest of your spending. We just won't be the ones moving the money.
It doesn't mean we think international money is bad, or that people who send it are doing something wrong. It means we've chosen a narrow job and we want to do it with no gaps.
And it doesn't mean we've stopped thinking about the future. As Everyday Banking grows, we will look at new ways to help you with your money. Each of them will be judged against the same test: does it keep your money safe, keep you in control, and keep our promises simple?
Why it matters to us
Money is personal. It's rent, groceries, a kid's school shoes, a little set aside for a bad month. The people we build for aren't looking for the flashiest app. They're looking for one they can trust on an ordinary Tuesday.
A lot of financial products grow by saying yes to everything. We think there's real value in a company that's clear about what it won't do. No remittances. No money leaving the country through us. No holding your funds. Just a clear view of your own money, at your own American bank, in plain English.
That's the kind of company we want to be. Thank you for trusting us to be it.
Everyday Banking™ is a free iOS money companion that can help you see your balances, bills, and spending in one place. It connects read-only, it never holds or moves your money, and it is not a bank.