Switch: shared banking for clubs, teams and friends
A banking app where groups pool money, issue Visa debit cards in seconds and collect payments with MoneyPools, for everyone from roommates to national organizations.
01 · Challenge
Group money runs on spreadsheets, reimbursements and one person’s personal card. Switch needed shared accounts, cards and collections that felt as simple as a payments app but worked like a real bank.
02 · Approach
Built shared accounts with roles and permissions, so treasurers, admins and members each see and do the right things.- Integrated instant virtual and physical Visa debit cards with spend limits, pause and close controls, plus Apple Pay and Google Wallet.
- Shipped MoneyPools: shareable collection links that work on the web with no download required, with live tracking of who has paid.
03 · Results
- Live on iOS, Android and web.
- Adopted by 1,000+ organizations, including university clubs and national chapters.
- Rated 4.7 on the App Store.
Build notesHow we built it
Roles and permissions
A Switch account belongs to a group, not a person, so the first design question was who may do what. Treasurers, admins and members get different rights over money and cards. Handing the account to next year’s leader is a one-tap change of roles.
Cards with a full lifecycle
Members get one-time or multi-use virtual cards in seconds, plus physical Visa debit cards. Each card carries a spend limit and can be paused or closed, and each state has to show the same way on every device. Cards can be added to Apple Pay and Google Wallet.
MoneyPools, a second product on the web
A MoneyPool is a link. The payer opens it in a browser, pays from any bank and never installs the app, while the organizer watches the list of who has paid update live. That makes MoneyPools a public web product next to the iOS and Android apps, with its own screens.
Org tools that sync outward
Treasurers keep their books in QuickBooks, so Switch syncs transactions into it, and groups can offer installment plans for larger dues. Checks, cash deposits, wires and fee-free ATM access come from the banking side: Thread Bank as the partner bank and the Allpoint ATM network.
The fintech app development cost guide shows how a scope like this is priced.
The productMoney that’s built to be shared.
Shared accounts
Unlimited free accounts for clubs, trips, roommates and committees, with roles and permissions.
Instant Visa cards
Issue one-time or multi-use virtual cards in seconds, with spend limits, pause and close.
MoneyPools
Shareable collection links that work on the web with no download, with live tracking of who paid.
Full banking
Checks, cash deposits, wires and 42,000+ fee-free ATMs, with FDIC pass-through coverage.
Org tools
Multiple admins, one-tap handover to the next leader, QuickBooks sync and installment plans.
Security
PCI-DSS, SOC 2 Type II practices and 256-bit encryption throughout.
How it works
- STEP 01
Create
Open a shared account or MoneyPool in seconds.
- STEP 02
Invite
Add members and set roles and limits.
- STEP 03
Collect
Share a link and members pay from any bank.
- STEP 04
Spend
Issue cards and track every transaction live.
IntegrationsWired into the systems that matter.
- Thread Bank (FDIC)
- Visa
- Apple Pay
- Google Wallet
- QuickBooks
- Allpoint ATMs
“The team at Apptycoons is exceptional. Top notch developers.”
- Card issuing
- Shared accounts
- Real-time payments
- Apple & Google Wallet
- QuickBooks sync
- React Native (iOS + Android)
GuidesGuides from this build.
FAQAbout this build.
Which platforms does Switch run on?
iOS, Android and the web. The apps handle accounts, cards and admin tools, and MoneyPools collection links open in any browser, so the people paying don’t need to install anything.
Who holds the money in a Switch account?
Switch works with Thread Bank as its partner bank, and accounts carry FDIC pass-through coverage. Our work was the product on top of that: shared accounts with roles, card controls, MoneyPools and the integrations.
How many organizations use Switch?
More than 1,000 organizations have onboarded, from university clubs to national chapters, and the app is rated 4.7 on the App Store.
- Services used
- Mobile App DevelopmentWeb App Development
- Industry
- Fintech
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