This FAQ applies to Flourish Cash. You can review Flourish Crypto FAQs here.
If you have an existing account at one of our Program Banks, moving additional funds to that institution via Flourish Cash could cause you to exceed FDIC coverage limits. To avoid this, you can “opt out” of using any Program Bank during the setup process, or after your account has been set up. Please note that opting out of Program Banks will reduce the total FDIC coverage available to you through Flourish Cash. We will always let you know when Program Banks are added to the system.
To learn how to control bank opt-outs, click here.