Back to Blog

Popular Direct Banking Coming May 1

Populardirect_websiteThe new website for previously announced U.S. direct banking effort from Puerto Rico-based Popular Inc. <> is just five weeks away from launch. According to its website <>, "A whole new Popular Mortgage Online coming May 1st 2006." The company is also using <> to direct traffic to the new site.

The current website for Popular Mortgage is <>. There is no hint whether high-yield savings accounts will be offered at the outset.


April 6 update: An article in today’s American Banker outlines Popular Inc.’s overall goals for its U.S. expansion, including an expected $3 billion in deposits through its upcoming direct banking initiative. The timetable for the $3 billion isn’t spelled out, but it sounds like a 2008 year-end goal.