What's FDIC deposit insurance?
FDIC deposit insurance gives bank customers protection if an FDIC-insured depository institution fails. The funds in your USD Cash Earn Account(United States) are FDIC insured up to $5,000,000 through our banking partner - Green Dot Bank, Member FDIC.
If you have an account directly with our partner - Green Dot Bank, Member FDIC. The funds in your USD Cash Earn Account (United States) are still insured up to $5,000,000.
Green Dot Bank also operates under the following registered trade names: GO2bank, GoBank and Bonneville Bank. All of these registered trade names are used by, and refer to, a single FDIC-insured bank, Green Dot Bank. Deposits under any of these trade names are deposits with Green Dot Bank and are aggregated for deposit insurance coverage up to the allowable limits.
How does the Deposit Sweep Program work?
Your USD Cash Earn Account (United States) includes a deposit sweep program which effectively increases FDIC insurance coverage from $250,000 to $5,000,000. Green Dot Bank automatically sweeps up to $5,000,000 in your Cash Earn account at the end of each business day to 22 insured accounts at FDIC-insured banks to obtain the maximum, designated FDIC insurance coverage of $5,000,000 subject to any excess funds that a customer holds at any of the partner banks. You are responsible for monitoring their total assets at each financial institution.
Any balances above $5,000,000 in the Cash Earn Account will remain with Green Dot Bank and are subject to the $250,000 FDIC limit, which will cover any other funds a customer may have with Green Dot Bank (including funds in the USD Cash Account not earmarked for the Cash Earn sub account).
Which banks are included in the Deposit Sweep Program?
View the full list of participating banks as of Aug 28 2025. Green Dot Bank automatically sweeps for all balances, it'll be spread across the following banks:
City National Bank, An RBC Company
Citibank, National Association
Metropolitan Commercial Bank
Citizens Bank, National Association
Western Alliance Bank
Peapack-Gladstone Bank
Bank of Baroda
Bell Bank
Truist Bank
HSBC Bank USA, National Association
Renasant Bank
Sallie Mae Bank
First Business Bank
The Washington Trust Company of Westerly
SoFi Bank, National Association
Comerica Bank
The Huntington National Bank
Choice Financial Group
Bravera Bank
East West Bank
KeyBank National Association
Bank OZK