Your Bluedot account is an FDIC insured and protected bank account. The government requires every bank to verify a customer’s identity before opening an account. We don’t perform a credit check, but we use your SSN to verify your identity. We take your security seriously. Your SSN and personal information are always encrypted as soon as you enter it in our app. It’s only used for verification purposes as required by law, and not shared or sold to any third parties.