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Intro to Thread Bank

Written by Ari Schlacht
Updated over 4 months ago

In Sequence, your Income Sources and Pods aren’t just numbers on a screen — they’re real checking accounts held with our partner, Thread Bank.

Think of it like this:

  • When you have $400 in Venmo, Venmo isn’t a bank

  • Venmo stores your funds at an FDIC-insured partner bank

  • Sequence works the same way — we provide the software layer, and your money is held securely by Thread Bank


Who Is Thread Bank?

Thread Bank is a fully chartered, FDIC-insured U.S. bank and a trusted partner in financial technology.

Every Income Source and Pod you create in Sequence is:

  • A real checking account

  • Held at Thread Bank

  • FDIC insured up to $250,000 per depositor, per ownership category

Want to learn more? Visit Thread Bank’s site:
https://thread.bank/


Why This Matters

  • Your money in Sequence is just as safe as in any other U.S. checking account

  • Sequence provides the automation and organization layer

  • Thread Bank provides the regulated banking infrastructure & FDIC protection


FAQs

Is my money FDIC insured?

Yes. All funds in Pods and Income Sources are held in real Thread Bank checking accounts and insured up to $250,000 per depositor, per ownership category.


Is Sequence a bank?

No. Sequence is not a bank — it’s a software platform.
Thread Bank provides the underlying accounts and insurance.


What happens if Thread Bank closes?

FDIC insurance protects your funds. In the unlikely event of a bank closure, the FDIC ensures you receive your insured deposits.


Can I open a Thread Bank account directly?

No. Sequence manages all account creation behind the scenes.
Just open Pods or Income Sources — we handle the banking setup automatically.


Does Thread Bank see my automations?

No. Thread Bank provides the bank accounts.

All rule logic, automations, and fund movements are controlled entirely within Sequence.


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