101. What Banks Don't Want You to Know with Vrinda Gupta

Financial Feminist

Her First $100K

Self-improvement, Education, How To, Business

4.7 • 6.2K Ratings

🗓️ 18 July 2023

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The banking industry has come under intense scrutiny in recent years and for good reasons. Banks are a tool, but like any financial tool, if you don’t know how to use them and ask the right questions, this same tool that can be so helpful in your financial journey can be just as harmful. Today, we welcome back Vrinda Gupta, owner and founder of Sequin –– banking for women, by women –– to talk about all the ways that banks make money off a lack of financial literacy and targeting already vulnerable communities. In the episode, we dive into banking fees, loan processes, systemic factors, and the question on everyone’s mind –– can I trust my bank? Read transcripts, learn more about our guests and sponsors, and get more resources at https://herfirst100k.com/start-here-financial-feminist-podcast Not sure where to start on your financial journey? Take our FREE money personality quiz! https://herfirst100k.com/quiz Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	If you are not paying for a product, you are the product.
0:05.2	And that is very much the mindset of banks.
0:08.6	It is all these speeds where they say, okay, here's a free checking account,
0:13.2	but then there are all of these gotchas that you need to know about.
0:16.4	It does disproportionately affect women and minorities.
0:24.4	Hello financial fanminists. Welcome back to the show.
0:27.1	I am so excited to see you. If you are an oldie, what a goodie. Welcome back.
0:31.6	If you are new to the show, hi, my name is Tori. I am a money expert, a financial feminist,
0:35.6	of course, a New York Times best selling author. And also the host of this show, which is the number
0:39.6	one money podcast for women in the world. If you like it here, if you want to hang out some more,
0:47.1	hit subscribe. If you are that person who like listens to one episode of a podcast,
0:50.8	and you're like, that's great, but you don't subscribe. If you subscribe to shows, I can't tell you how
0:55.4	much that supports whoever's creating the show. So literally just hitting a button is the easiest
1:01.2	thing you can do to support our show and make sure it keeps running. So thank you. Okay.
1:05.2	The cool thing about doing the show weekly now for over a year is that sometimes we get to bring
1:10.6	back some great guests. And if you've been with us for some time, or you're one of those that's
1:15.1	gone back and maybe like perused the catalog, today's guest will be no stranger to you.
1:21.0	Brenda Gupta is the CEO and co-founder of Sequan Banking, banking design by women for women.
1:26.5	She's a globally recognized credit expert who helped launch the popular Chase Sapphire Reserve
1:31.3	credit card at Visa Inc. I have one of those cards and received her MBA from Berkeley House.
1:36.8	Brenda lives in San Francisco, California and is a proud first generation Indian immigrant.
1:41.4	We brought Brenda back because her first episode on credit cards is still one of our highest rated
	...

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