Yes, your deposits in your MAJORITY account are insured up to $250,000 through our banking partner, Axiom Bank, N.A., member of the FDIC.
What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government.
It insures eligible bank deposits.
Protects consumers if a financial institution fails.
The standard insurance covers up to $250,000 per user, per bank.
This means that your money in MAJORITY is protected and backed by the U.S. government.