Bumped (Bumped App) (Bumped.com) is (sort of) shutting down

This got emailed to me within the past week:

We’re in your inbox today to share some unexpected (and sad) news — Bumped has decided to cease operations of our ownership rewards programs— effective immediately. Your account and holdings are safe, secure, and remain protected by FINRA and the SIPC. This news means: 1. All Bumped Reward Programs are shutting down today. This includes Shop Now, the Bumped Shopping Extension, and all other Bumped rewards programs. However the following exceptions are: TAB Bank will continue their reward program through December 31, 2022 (TAB Flow, and TAB Flow+). Moves has suspended their program as of December 19, 2022 pending their reward program upgrade Pending rewards will be processed. 2. There is nothing you need to do at this time. Your securities account (the Bumped Financial, LLC account that holds your stock) will remain with Apex Clearing Corporation — our clearing firm and custody partner. Apex has been a part of the Bumped and the stock rewards journey since our inception and will keep your assets secure. 3. After 30 days, Apex will be taking over your brokerage account and services will be limited to liquidations or transfers to another broker-dealer. 4. Apex will take over communications and brokerage account management from there. Keep an eye out for more information from them. 5. There will be no costs to you associated with your assignment of your brokerage account to Apex. 6. If you would like to transfer your brokerage account to another Broker/Dealer: Please note that most firms will not accept fractional shares in an account transfer and see our fee schedule for account transfer fees. Should you decide to initiate an account transfer after the move to Apex, the account transfer fee is the same, keeping in mind Apex may also send additional communications after the move. Note: you will need to initiate the ACAT/transfer from the receiving account/broker-dealer. This means it will be initiated from where you're transferring your account to, and our clearing firm’s DTC number is 0158. Again: there is no action required on your part. If you would like to opt-out from moving your account to Apex you will need to let us know by January 19, 2023 by logging in to your Bumped account, clicking “Account” in the top right corner, and selecting “Get Help”. The decision to close Bumped is a heartbreaking one — and one our team has worked tirelessly to avoid. It would be easy to simply blame the combination of unexpected (and unprecedented) external market events, but those of us left winding down the company hold great accountability for the disappointment this presents. We are deeply sorry to be winding down the Bumped rewards you’ve known and loved for half a decade. Thank you for believing in Bumped. Thank you for sharing our vision for an ownership economy, and ultimately proving to the market that there is a need for — and opportunity in — making everyday customers into owners. Sincerely, 

–The Bumped Team

be sure to check their brokerage fee schedule if you are thinking about transferring stocks to another brokerage. I barely had any money in there so i put in sell orders for everything and will do a free ACH Transfer.

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source https://www.reddit.com/r/beermoney/comments/zw0uta/bumped_bumped_app_bumpedcom_is_sort_of_shutting/