Seis Banking App Shutdown: What Happened and Alternatives

What is happening?

Seis, a Y Combinator-backed (W22) neobank launched in 2022, provided FDIC-insured checking, debit cards, secured/unsecured credit, and cash advances entirely in Spanish—targeting 44M US Latinos without SSN/ITIN needs. It hit $10M ARR, $500M+ annual debit volume, and 100K+ 5-star App Store reviews before announcing shutdown on Jan 27, 2026.

Closure Impact
Zelle access loss (core P2P feature) made operations unsustainable amid changing immigration patterns. Feb 3: Credit cards deactivated, secured accounts closed. Feb 27: Checking, unsecured credit, cash advances ended—withdraw/transfer deadline. Apr 29: App access to history and statements expires. Unwithdrawn funds mailed as checks (6-8 weeks); unpaid credit may hit scores.

What Users Should Do
Update mailing address in app ASAP for checks. Pay credit balances to avoid delinquency reports. Download all records before Apr 29. Cancel direct deposits and recurring payments. Contact support via app; no new features post-deadlines. Wise, Chime among recommended switches for remittances and banking.

Best alternatives

• Wise

  Multi-currency account for cheap international transfers to 140+ countries, ideal for remittances home.

• Chime

  Fee-free checking/debit with spot-me overdraft, early paycheck, no SSN for some features.

• Varo Bank

  High-yield savings, no-fee banking, cash advances up to $250.

• Current

  Teen/family accounts, instant transfers, gas cashback.

• GO2bank

  High-interest checking, early direct deposit, budgeting tools.

• Greenlight

  Family debit cards with parental controls, investing basics.

• Albert

  AI budgeting, cash advances, savings automation.

• Nova Credit

  Builds US credit using foreign history for immigrants.

• Vibe by Mastercard

  Debit with rewards, no fees, cash deposits.

• Oxygen

  Venture debit rewards, crypto buys, builder credit.