This FAQ applies to Flourish Cash.
You can view your maximum FDIC coverage available for your account based on your Program Bank deposit settings by following these steps:
1. Log in to flourish.com
2. Click on “Manage” next to the account you wish to access
3. Click on “Account Details” towards the top of the page
4. Scroll down until you see the “Program Bank Deposit Settings” section. Read this section to find the available coverage amount.
Available FDIC coverage does not guarantee that a customer’s deposits are fully eligible to receive the indicated coverage amount since it does not take into consideration any deposits that the customer might hold outside of Flourish Cash with the Program Banks.
Typically, all of a customer’s deposits at a Program Bank (including deposits held outside Flourish Cash) count toward the FDIC insurance limit for deposits at that Program Bank. Customers are responsible for monitoring whether they maintain deposits at a Program Bank outside of Flourish Cash and should consider opting out of having their cash swept to any such Program Bank to avoid exceeding FDIC insurance limits. If a customer has deposits at a Program Bank outside of Flourish Cash and does not opt out of having their cash swept to such Program Bank, that customer could have funds swept to the Program Bank in an amount above the applicable FDIC insurance limit, and such funds above that limit would not be eligible for FDIC insurance. You can learn more about FDIC insurance coverage, including reviewing helpful resources and learning about potential limitations, on the agency's website.
Excluding Program Banks from receiving your deposits could reduce the maximum amount of FDIC insurance your Flourish Cash account is eligible to receive.