Through our bank partnership, health savings account funds are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the legal limit (currently $250,000 for each category of legal ownership).
Piermont Bank
Banking services associated with our services are provided by Piermont Bank, Member FDIC. Your transactions will be processed through an FBO (For-Benefit-Of) account held at Piermont Bank for the benefit of our customers or users. We will provide you with a monthly summary statement that describes your transactions.
FDIC Insurance
Your deposit balances held at Piermont Bank are insured by the Federal Deposit Insurance Corporation (FDIC) for up to the legal limit (currently $250,000 for each category of legal ownership).
About Piermont Bank
Piermont Bank is a tech-enabled digital commercial bank based in New York, NY. Piermont is women-founded, entrepreneur-led, and technology-fortified. They recently won the 2021 Tearsheet Embedded Award for 2021 Best New Product for Platforms. You can learn more about Piermont Bank on their website. We're pretty happy to partner with Piermont Bank!