What happened to MyBambu, and what are your options now?
Reports published in late 2025 said that Bambu Systems, LLC — the company behind MyBambu — filed a WARN notice in Florida related to the closure of its West Palm Beach office and the separation of its employees. According to those reports, the decision was tied to a loss of funding.
At the time this page was reviewed, MyBambu's website remained accessible and continued showing information about its products, and the app remained available on Apple's App Store.
Finhabits is not affiliated with, sponsored by, or endorsed by MyBambu. Finhabits cannot access MyBambu accounts, balances, cards, documents, transfers, or transactions.
What's been publicly reported
Reports published in November 2025 said that Bambu Systems, LLC filed a WARN notice in Florida related to the permanent closure of its West Palm Beach office and the separation of its employees. The reports pointed to a loss of funding as the cause behind the decision.
What is a WARN notice?
It's a notice required under certain circumstances when a company anticipates a closure or significant layoffs. A WARN notice documents an employment-related action; it doesn't, on its own, confirm the status of every product, service, or account at a company.
At the time this page was reviewed, MyBambu's website remained accessible and continued promoting products like its account, card, direct deposit, Bambu Pay, and money transfers. The MyBambu app also remained available on Apple's App Store.
Because of that, this page doesn't attempt to determine whether all of MyBambu's services continue operating normally, or whether any of them have stopped being available.
To find out the status of a specific account, check official communications from MyBambu and from the financial institution tied to your account.
Looking for help with a MyBambu account?
Finhabits cannot access MyBambu accounts, check balances, recover funds, replace cards, or resolve issues related to transfers, documents, or transactions.
For any of those issues, rely on:
- Official communications you received from MyBambu.
- Information posted on MyBambu's official channels.
- Communications from the financial institution tied to your account.
Be cautious of any phone numbers, emails, or “fund recovery” pages that don't come from trustworthy sources.
What do you need right now?
There are three different paths, depending on what you're looking for.
I need an account, card, or to send money abroad
If you need to receive your paycheck, pay everyday expenses, use a debit card, deposit cash, or send money abroad, you need a bank or remittance provider. Finhabits doesn't offer these services.
Guide
Saving vs. investing
This guide can help you understand the difference between saving and investing and figure out what your next step should be.
Read the guide →
I want to improve my finances
Start free with Finhabits Starter:
- A financial wellness score and steps to improve it.
- Money Journeys inside the app.
- An insurance comparison tool.
- Access to select livestreams.
Starter is free.
Start free with Starter →I want to invest and work toward my goals
Finhabits Growth includes tools for investing, planning, and tracking your finances. You can open an account with an SSN or ITIN.
Growth costs $10 a month.
Get started with Growth →What services MyBambu presents on its site
Based on information available on its website at the time of this review, MyBambu presents itself as a financial platform focused mainly on everyday banking, payments, and moving money for Latino and immigrant consumers in the U.S.
Among the features that currently appear on its site and in its app description are:
- An account for managing money.
- A debit card.
- Direct deposit.
- User-to-user transfers through Bambu Pay.
- International money transfers.
- Cash deposits.
- Phone top-ups.
- Rewards.
- A bilingual experience.
These products appearing on the website or in the App Store doesn't necessarily confirm their current availability for every user.
This matters for your decision because these services serve a different purpose than an investment account.
What you need and what your next step could be
| If you're looking for... | Your next step |
|---|---|
| An account, card, or direct deposit | A bank provider |
| Sending money abroad | A remittance provider |
| Help with a MyBambu account | Review the official communications you received |
| Learning and improving your finances | Finhabits Starter |
| Understanding whether to save or invest | Saving vs. investing guide |
| Investing for future goals or retirement | Finhabits Growth |
| Opening an investment account with an ITIN | Finhabits Growth |
Where Finhabits fits in
Finhabits doesn't replace a bank account. If you need a checking account, debit card, direct deposit, or remittance service, you'll need another provider for those. If you want to make progress in other areas of your finances, Finhabits offers two paths:
Starter
Free
To better understand your finances, learn, and start building better habits.
- A financial wellness score and steps to improve it.
- Money Journeys.
- An insurance comparison tool.
- Access to select livestreams.
Growth
$10/mo
Everything in Starter, plus tools to invest and plan.
- Up to 3 investment accounts.
- Diversified portfolios and automatic deposits.
- A financial plan with goals and tracking.
- Financial alerts and insights.
- 24/7 access to Emma.
- Exclusive masterclasses and livestreams.
You can open an account with an SSN or ITIN.
Get started with GrowthFrequently asked questions
Did MyBambu shut down?
Reports published in November 2025 said that Bambu Systems, LLC filed a WARN notice related to the closure of its West Palm Beach office and the layoff of its employees. Some outlets reported that the company would shut down its operations. However, at the time this page was reviewed, MyBambu's website remained accessible and continued showing information about its products, and its app remained available on Apple's App Store. For that reason, Finhabits cannot confirm the current status of every MyBambu product, service, or account.
Is MyBambu still operating?
Finhabits cannot confirm the current status of all of MyBambu's services. At the time this page was reviewed, its website remained active and showing products, and the app remained available on Apple's App Store. The presence of those channels doesn't on its own confirm that every product or service remains available.
Is Finhabits affiliated with MyBambu?
No. Finhabits is not affiliated with, sponsored by, or endorsed by MyBambu.
Can Finhabits recover my money from MyBambu?
No. Finhabits has no access to MyBambu's accounts, balances, cards, documents, transfers, or systems, and cannot recover funds for its customers. If you have a pending issue related to an account, review the official communications you received from MyBambu or from the financial institution tied to your account.
Does Finhabits offer a bank account, card, or direct deposit?
No. Finhabits doesn't offer checking accounts, debit cards, direct deposit, or banking services for everyday spending. Finhabits offers financial education tools through Starter and investment and retirement accounts through Growth.
Does Finhabits offer remittances?
No. Finhabits doesn't offer remittance services or international money transfers.
What can I do with Finhabits if I use or used MyBambu?
It depends on what you need now. If you're looking for a bank account, debit card, direct deposit, or remittances, Finhabits doesn't offer those services. If you want to better understand your finances and build better habits, you can start free with Starter, which includes a financial wellness score and steps to improve it, Money Journeys, an insurance comparison tool, and access to select livestreams. If you want to invest and work toward financial goals, Growth includes everything in Starter, plus up to 3 investment accounts, diversified portfolios, automatic deposits, financial planning, alerts and insights, 24/7 access to Emma, and exclusive masterclasses and livestreams.
Can I open an investment account with an ITIN?
Yes. You can open a Finhabits investment account using an SSN or ITIN, as long as you meet the other account-opening requirements.
What if I'm not ready to invest yet?
You can start free with Finhabits Starter. Starter lets you get your financial wellness score, identify steps to improve it, learn with Money Journeys, and access other tools without needing to open an investment account.
Do I need a bank account in addition to Finhabits?
Yes, if you need to receive your paycheck, pay everyday expenses, use a debit card, or carry out other banking operations. A bank account and an investment account serve different purposes. You can use a bank account to manage your everyday money and Finhabits to learn, plan, and invest toward longer-term goals.
Disclaimer:
This material is provided for informational purposes only and is not intended to offer investment, legal, or tax advice. All images and figures are for illustrative purposes. Investment advisory services are offered through Finhabits Advisors LLC, a registered investment advisor with the SEC. Registration does not imply a certain level of skill or training. Past performance is not indicative of future returns. All investments involve risk, including the possible loss of principal. Securities are offered through Apex Clearing Corporation, Member of FINRA, SIPC. Securities held at Apex are protected up to $500,000, which includes a $250,000 cash limit. See SIPC.org for more details.
© Finhabits, Inc. All rights reserved.
Sources
- CBS12. “West Palm Beach fintech firm to lay off 141 employees amid funding collapse.” November 5, 2025.
- MyBambu. Official website.
- Apple App Store. MyBambu app.
- MyBambu. Official FAQ page.
- MyBambu. Official information about direct deposit.