To help our users save and budget more effectively, we decided to build a tool that would let them easily organize their money in the Stash app—and so the foundation for partitions was laid.
Stash does banking differently. Unlike traditional banks, we’re focused on helping our customers reach their money goals. As a member of the Financial Health Network, we’ve taken their definition of financial security and used it to inform our banking philosophy. We’ve boiled it down into three key aims:
This philosophy might seem simple enough, but many people struggle to achieve it. Time and time again, our customers have asked us to find more ways to help them make progress. Our new partitions feature is our first take on that request, with much more to come.
We conducted surveys with thousands of Stashers, asking them about their saving and budgeting strategies. Along the way, we turned up some key pieces of information:
To help our users save and budget more effectively, we decided to build a tool that would let them easily organize their money in the Stash app—and so the foundation for partitions was laid!
Throughout months of design work, we kept listening to our customers. We learned about their needs and took in their suggestions. We designed our first version of partitions based on this feedback, then went right back to our customers and asked if what we’d built met their expectations.
Finally, our engineers and QA team set out to build partitions in a way that’s secure, functional, and scalable.
We’re not the first to do this, but we are doing it differently. We’re building a feature that works for everyone—from users who prefer more independence and control, to those who desire a little more guidance and assistance.
And we’re still not done! This is just our first iteration of partitions, and we’re really excited about what the future holds. We’d like the feature to evolve to contain:
In the meantime, we want to hear from you! Contact us at firstname.lastname@example.org with feedback.
1. Money moved into a partition must be moved back to available balance to be used and does not earn interest.