[biswajitsharma]

I am not in US, so I cannot open an account here. But Prima Facie, this seems like another Bank to me. Ofcourse, they are trying to simplifying a few things. But they do not have the kind of scale larger banks do, say Citibank etc. So I'm guessing once they reach a level where they have a lot of customers, their system will be forced to become more convoluted due to operational overhead.