Radius Bank is throwing away the small-bank playbook. Rather than open branches in pursuit of new accounts, the Boston institution with two physical locations is forming alliances with fintech startups.

In 2013, the $725 million-asset bank joined forces with LevelUp, a mobile payments provider. Then Radius teamed up with SmarterBucks to produce a debit card rewards program to pay down college debt. And in mid-July, the institution announced its latest partner: Aspiration, a startup online investment firm for the masses. The companies are introducing a digital-only, high-yield personal checking account that lets customers choose what they pay — including nothing if they wish.

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