Flourish Cash was designed to help you stay within the FDIC insurance limits. At any given time, Flourish Cash will accept deposits up to 98-99% of the total FDIC insurance coverage available to you through Flourish Cash. That way, we can be sure that monthly interest payments don't bump you over the limit. If you attempt to transfer in more than the total FDIC insurance you are eligible to receive, either through a manual transfer or through SmartBalance, Flourish Cash will not let you complete the transfer and/or will automatically transfer the excess cash back into the first linked checking account you linked to the system. We’ll be sure to let you know why this happened at the time of your request or via email.
Flourish Cash Institutional accounts can deposit any amount into their accounts. We’ll simply work to maximize the amount of FDIC insurance coverage you receive, and your entire account balance will continue to receive the same interest rate.