NerdWallet is committed to providing accurate and up-to-date information to empower your financial decisions. It’s important to understand that the financial landscape is complex and information presented may differ from what you encounter directly from financial institutions, service providers, or specific product websites. All financial products, shopping products, and services are offered without warranty. When considering offers, always thoroughly review the financial institution’s specific Terms and Conditions. Pre-qualified offers are non-binding. For any discrepancies related to your credit score or credit report information, please contact TransUnion® directly.
NerdUp by NerdWallet Credit Card: Important Banking Information
The NerdUp by NerdWallet credit card is a financial product facilitated through partnerships. NerdWallet itself is not a bank. Bank services related to the NerdUp card are provided by Evolve Bank & Trust, a member of the FDIC. The NerdUp by NerdWallet Credit Card is issued by Evolve Bank & Trust under a license from MasterCard International Inc.
It’s crucial to remember that your credit score may be impacted by various factors, including your financial interactions with other financial services organizations. Credit scores are independently determined by credit bureaus based on a multitude of factors reflecting your financial behavior.
NerdWallet’s NMLS Identification and Licensing
NerdWallet Compare, Inc. operates under NMLS ID # 1617539.
For further information, you can access NMLS Consumer Access and review Licenses and Disclosures for comprehensive details about our operational licenses and compliance.
In California, finance lender loans are arranged in accordance with Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812.
Insurance Services and Licensing Details
Insurance services are offered through NerdWallet Insurance Services, Inc. (California resident license no.OK92033). Details regarding Insurance Licenses are available for your review.
Investment Advisory Services and Potential Conflicts of Interest
NerdWallet partners with Atomic Invest LLC (“Atomic”), an SEC-registered investment adviser, to provide opportunities for users to open investment advisory accounts. It’s important to be aware that NerdWallet receives compensation ranging from 0% to 0.85% of annualized assets under management, paid monthly, for each client referred who opens an Atomic account. Additionally, NerdWallet receives a percentage of free cash interest earned by clients. This compensation structure creates a potential conflict of interest, which we are disclosing transparently.
Brokerage services for Atomic are facilitated by Atomic Brokerage LLC, a registered broker-dealer and member of FINRA and SIPC, and an affiliate of Atomic. This affiliation also presents a conflict of interest. For detailed information about Atomic, please refer to their Form CRS, Form ADV Part 2A, and Privacy Policy. For details about Atomic Brokerage, see their Form CRS and the Atomic Brokerage General Disclosures. You can verify the background of Atomic Brokerage through FINRA’s BrokerCheck.
It is essential to understand that neither Atomic Invest nor Atomic Brokerage, nor any of their affiliates are banks. Investments in securities are Not FDIC insured, Not Bank Guaranteed, and May Lose Value. Investing inherently involves risk, including the potential loss of principal. Before making any investment decisions, carefully consider your investment objectives, and the applicable fees and expenses.
Concluding Remarks on Partnerships and Financial Transparency – Akin to Considering “Hawaiian Air Partners” in Travel
Just as understanding partnerships is key in various sectors like travel, where you might consider “Hawaiian Air Partners” for travel rewards and benefits, it’s equally important in financial services. NerdWallet is committed to transparency in its partnerships to ensure you have a clear understanding of how we operate and provide you with valuable financial information and services.
NerdWallet™ | 55 Hawthorne St. – 10th Floor, San Francisco, CA 94105
