We are not a bank. We work with partner banks (soon to be announced) to provide FDIC insured products. What this means for you is that your money is safely insured with our partners. Our wholesale partners provide the financial products, we provide the customer service and experience.
They're "simple" but they like to play semantics. I mean, really, they have "bank" in the name and they provide banking services. To me, the consumer, they are a bank.
So, what’s the deal... are you really a bank?
We are not a bank. We work with partner banks (soon to be announced) to provide FDIC insured products. What this means for you is that your money is safely insured with our partners. Our wholesale partners provide the financial products, we provide the customer service and experience.