Yes! Your deposits and funds are safe. Your account is insured up to the standard maximum deposit insurance amount of $250,000 through our banking partner which is FDIC insured.
We are a technology company and not a financial institution or a bank. We partner with a bank to offer deposit accounts, debit cards, and other banking services to our customers.
Yes! Our partner bank is safe. Our partner bank is well-diversified, with deposits across different industries, strong balance sheet, and access to liquidity. Your deposits are also insured up to the standard maximum amount of $250,000 through our banking partner who is FDIC insured.
We and our banking partner are ready and have the capacity for additional new deposit growth.
Your account is currently insured up to the standard maximum amount of $250,000 through our banking partner who is FDIC insured. We are currently evaluating working with our banking partner and a sweep network to increase this coverage and provide our customers with up to $2 million+ in FDIC insurance coverage.