Sequin's Perk Partners are fighting the Pink Tax.
Sequin Perk Partners are women founded & focused companies committed to paying back the hidden costs to being a woman.
What is the Pink Tax?
Women pay more than men 42% of the time for everyday products and services. Studies find that women make 80 cents compared to a man’s dollar, with women of color earning even less than that. Reports also found that more than two thirds of people with student debt are women.
The Pink Tax does not only apply to care and luxury products, but it is also harmful to women’s overall financial goals, leading to higher banking fees, interest rates, and more.
The financial challenges that women face:
The Hidden Costs to Being a Woman…and How to Make Sure Banking Isn’t One of Them.Credit Card Debt
Women are more likely than men to carry credit card debt and pay more in interest charges.
Banking
Women pay 18% more (that's $214/yr on average) in avoidable banking fees like overdrafts, minimums, penalties.
Salary
18% lower than men, on average.
Caregiving
More likely to take on caregiver responsibilities to children / elderly.
Health Care
33% higher health care costs than men over lifetime.
Student Debt
Graduate with 15% more student debt than men.
Pink Tax
Pay more for everyday products and services 42% of the time
Credit Score
Receive lower credit lines due to a lack of credit history, artificially lowering credit worthiness.
Write women’s banking history with us.
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†Terms & Conditions
All genders welcome!
Sequin Financial Inc. is a financial technology company and is not a bank. Banking services provided by Thread Bank; Member FDIC. Deposits are insured by the FDIC up to the maximum allowed by law.
Annual Percentage Yield (APY)
Our Annual Percentage Yields (APYs) are accurate as of May 18, 2023. These rates are variable and may change after the account is open. The APYs for other banks are provided by mybanktracker.com and are accurate as of May 18, 2023. The APYs in this table are for the state of California. The overdraft fee data for other banks is provided by mybanktracker.com and is accurate as of May 18, 2023.
National average bank interest rate is 0.06% APY as of April 2023. Obtained from the FDIC.
Annual Percentage Yield (APY) of 3.31% is effective as of 05/19/2023. This is a variable rate and may change after the account is opened.
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Sequin Member results are based on a 2022 study of 100 participants over a period of three months. Results may vary.
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