Financial Services FAQ
What is QLife Money?
QLife Money is the first nationwide financial services solution for LGBTQ+-owned and allied businesses. QLife Money addresses unique needs that can't be met by a legacy bank. QLife Money Business Accounts provide digital-first financial services with no monthly fees and no minimum deposits.
What is a QLife Money Business Account?
Businesses that join QLife Marketplace will be eligible to open a free QLife Money Business Account. We're providing full-featured financial services at your digital finger tips, with no monthly service fees, no minimum balance, low transaction fees, and no credit checks.
Are the QLife Money Business Accounts open to all business types?
QLife Money Business Accounts are available to businesses of all sizes, including sole proprietors, gig-workers, small businesses, partnerships, nonprofit organizations, and corporations.
How does a QLife Money Business Account give me full control over my business finances?
QLife Money lets customers take full control of their business finances, including issuing debit cards in seconds and setting customized spending controls. QLife Money Business Account holders can create cards that work exactly how they want. Card managers can issue virtual or physical cards for one or multiple users, with pre-approved spending limits, locations, and notifications. Business owners can manage it all through a digital dashboard any time, making it even more streamlined to run their business.
What additional business tools and resources are available?
Soon, we'll also make it simple for small businesses to accomplish the business basics: accounting, sales tax reports, and paying bills, vendors, and subcontractors. We think that running a business is hard enough, and business owners shouldn’t be bogged down in everyday minutia. QLife Money is here to make it simple and easy to run your business.
Is a QLife Money secure?
QLife Money account services are provided by Stripe Payments Company with funds held at Goldman Sachs Bank USA, Member FDIC. The QLife Money platform is built and hosted on Amazon Web Services. All communication and transactions are industry-standard SSL-encrypted, ensuring the privacy and security of all customer data.
Are there any additional benefits?
Designed as a digital-first solution for B2B, the services will initially focus on the needs of businesses. Members will also receive a free subscription to QLife Money Magazine, featuring articles of interest to the LGBTQ+ business community, including interviews with business owners and community leaders around the country.