Goodlettsville, Tennessee-based Dollar General has created a series of new financial services aimed at increasing access to banking options and providing additional customer payment alternatives.
“The announcement highlights Dollar General’s focus on supporting our customers and communities by extending financial service accessibility and payment options,” said Emily Taylor, Dollar General’s EVP and chief merchandising officer. “In keeping with our purpose-driven mission of serving others, we continually search for additional services and flexible solutions to help make our customers’ lives easier.”
New services include the introduction of Dollar General’s exclusive Spendwell banking platform, a buy-now, pay-later test program with Sezzle and new FIS Worldpay card reward points payment options. Spendwell Financial Service is a bank account that provides customers with additional convenience to access and manage personal finances, available from Dollar General.
Through a partnership with InComm Payments, and issued by MetaBank, the Spendwell bank account and Visa debit card is available at Dollar General’s 18,000-plus stores, as well as through a dedicated online platform and easy-to-use mobile banking app.
Spendwell will provide customers with two financial account options including one with no monthly fees and another that allows customers to earn 1 percent unlimited cash back to be redeemed on purchases at Dollar General. Both account options include an accompanying Visa debit card, which can be used everywhere Visa debit cards are accepted, and Spendwell app-access to manage everyday expenses and pay bills.
To celebrate the Spendwell launch, InComm and Dollar General have waived the retail purchase price to open an account through Sept. 30. The purchase price will increase to $1 beginning Oct. 1. Also, through Sept. 30, customers will receive a complimentary $10 deposit into their Spendwell account after an approved card registration.
Each Spendwell account is packed with free features and services, including direct deposit which allows customers to access wages up to two days early, the ability to add cash at Dollar General, online bill pay and subaccounts, helping customers keep their family spending and budgets on track.
This partnership leverages Dollar General and InComm Payments’ nearly 20-year partnership and current collective efforts to support customers through gift card programs, bill pay solutions and payment processing technology.
The company plans to launch a test of a buy-now, pay-later purchase option through a new partnership with Sezzle at more than 1,700 stores in Texas. The DG Buy Now Pay Later program will provide customers with zero-interest payments on purchases, allowing them to pay for their purchases in four installments, providing them flexibility when purchasing items at Dollar General stores.
Dollar General also is piloting an added payment choice with FIS’ Premium Payback, a real-time rewards redemption network. Customers will have an option to redeem eligible credit and debit card rewards points toward their DG purchase.
Currently available at more than 18,000 DG stores in 46 states, customers with eligible FIS bank debit and credit cards may redeem 1,000 credit card points for $5.00 toward their purchase of $5.01 or more.
For more information, visit dollargeneral.com.
