Deposits made to all BankMobile checking accounts are FDIC insured in conjunction with Customers Bank, Member FDIC, Equal Housing Lender and WEX Bank, Member FDIC.
The Federal Deposit Insurance Corporation (FDIC) is an agency created by the U.S. Congress to help maintain public confidence in the nation’s financial system. One of its primary duties is to insure depositors’ accounts in banks. Currently, depositors are insured for at least $250,000. All checking accounts are held at its partner bank(s) and are FDIC insured.
For more information on the FDIC, visit their website at FDIC.gov.