Evolve’s FDIC Sweep Program
The Evolve Open Banking team knows our partners value clarity and transparency regarding how funds are stored. We are focused on the security of your funds, which is why we encourage our clients to learn more about our FDIC Sweep Program.
More Coverage with Evolve’s FDIC Sweep Program
Your deposits deserve the best protection. Evolve’s FDIC Sweep Program automatically distributes your funds across a network of FDIC-insured partner banks. Your money stays safe while maximizing your coverage.
Simple Steps for More Security
Evolve’s FDIC Sweep Program is just like any other secure bank account. First you deposit your funds with any participating Evolve fintech partner. Then we securely allocate the funds across a network of trusted FDIC-insured banks.
Evolve Standard FDIC Sweep Program
Evolve Bank & Trust has long history of innovation. That’s why we are proud of our Evolve Primary Deposit Sweep program. This program is designed for customers with deposits of over $250,000 who wish to only hold the Federal Deposit Insurance Corporation (FDIC) amount of $250,000 with Evolve.
Evolve’s FDIC Sweep Expanded Program
At Evolve, we know you work hard for your money. So, keeping it safe is our top priority. That’s why we’re proud to offer the Evolve Expanded Plan. This program ensures your money is strategically spread across our Program Banks. This will help diversify your deposits so that no single institution has all your funds in one account. And the best part is, you have access to all your money just as simply as you would if you only had one account.