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 exclude any Program Bank during the setup process, or after your account has been set up. Please note that excluding Program Banks will reduce the total FDIC coverage available to you through Flourish Cash and could impact the rate you are eligible to earn on your deposits, as further described in your Account Agreement and our rate tier summary. We will always let you know when Program Banks are added to the system.
To learn how to control Program Bank deposit settings, click click here.