H&R Block has announced the launch of a new mobile banking platform.
H&R Block is a US company providing tax preparation services, financial products, and small-business solutions.
It said that the new app is designed to help the two-thirds of the US struggling with one or more aspects of their finances, including spending, saving, and planning.
The new solution, called Spruce, includes a spending account with a debit card, along with a connected savings account that allows for budgeting for specific goals.
“Spruce is a financial technology platform that combines the best features of leading neo-banks with H&R Block’s trusted brand, our 66-year history, and the insights we’ve gained from helping millions of customers every year,” said Jeff Jones, president and chief executive of H&R Block. “Creating and launching Spruce is a huge milestone for our company as we continue to execute on our transformation and growth strategy, Block Horizons 2025.”
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