Manage episode 297373803 series 2773126
This week we're talking to Ben Stuart. He's the Head of Growth and Transformation and Chief Marketing Officer for Bank of the West.
This week's episode of The Social Shift Podcast is a production of Third Shift Creative. It's hosted by Andrew Rurik and edited by Kate Eckberg.
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The 1% for the Planet account is the Any Deposit Checking account that donates 1% of the net revenue to environmental nonprofits through the 1% for the Planet organization. Net revenue is generally deﬁned as all fees charged to the account, plus interest income earned by the Bank on this account, minus any losses, debit card revenue and reversals. To view the complete definition of net revenue, please visit the product disclosures at https://www.bankofthewest.com/personal-banking/checking-accounts/one-percent-checking.html
$10 monthly service charge on the account is waived if at least one deposit of any amount is made during the statement cycle. Deposits include direct deposit, mobile deposit, ATM deposit, or in-branch deposit of any amount. Does not include fund transfers between Bank of the West accounts or any credits from Bank of the West.
The carbon tracking tool, which will appear in the Bank of the West Mobile app for 1% for the Planet account, uses the Åland Index, a cloud-based service for carbon impact calculations, to provide a measurement of the potential carbon impact of purchases made with the 1% for the Planet debit card. The calculation is based on the merchant code, a code that indicates the types of goods or services a company provides, and the amount of the purchase. The actual carbon impact may be higher or lower than the measurement provided. Doconomy has advised us that the Åland Index is the leading index solution for carbon emission calculations for payments and financial transaction Åland Index Solution is a joint venture between Ålandsbanken and Doconomy. Bank of the West licenses the Åland Index through Doconomy. Bank of the West does not control or guarantee the accuracy of the information provided by the Åland Index and makes no representation or warranties regarding the service.