Bair and Curry bring their extensive experience in the banking industry to Wealthfront as the company builds out its nextgen banking service for Millennials

Autopilot automates your savings plan so you can remove the stress of manually monitoring accounts and moving money

The company continues to reinvent banking and solidify its position as the primary financial relationship for its clients

Wealthfront names former banking regulators Sheila Bair and Thomas Curry to fintech’s advisory group

Wealthfront has named former Federal Deposit Insurance Corporation head Sheila Bair and ex-Comptroller of Currency Thomas Curry to an advisory group created to help the fintech firm push further into financial services, CNBC has learned.

Wealthfront Automates Savings For Users

Wealthfront today launched a new service that automatically sweeps excess cash for customers into savings or investments. It’s the next step in the investment and personal finance company’s roadmap toward its self-coined “self-driving money” initiative.

The Wealthfront Cash Account is a hybrid savings and checking account that lets you get your paycheck up to 2 days early

You’ll earn a competitive APY like you would with a high-yield savings account, but you’ll also have access to a debit card and direct deposits, as you would with a checking account. You can also receive your paycheck up to two days early when you set up direct deposits.

Robo Advisers Keep Adding On Services

Wealthfront is launching what it calls “self-driving money,” a suite of services that will allocate every dollar that comes into an account in accordance with rules set by the account holder.