Affirm: who holds your money
Affirm is not a bank. Affirm says customer money is held at Cross River Bank, with insurance reaching customers as pass-through FDIC insurance at the partner bank, subject to the app's recordkeeping. We read this information in the app's own public disclosure on September 5, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Affirm is not a chartered bank, and customer money sits at Cross River Bank, graded letter C on this site. Deposit insurance reaches customers through Cross River Bank, provided Affirm’s records identify each customer. The stated limit is $250,000 per depositor, per insured bank, for each account ownership category. This information reflects Affirm’s disclosure read September 5, 2026.
Partner banks
- Cross River BankFDIC #58410 · program bank33.3%above the insured limitC47.2
The figure is the share of total bank deposits above the $250,000 federal insurance limit, reported quarterly to the FDIC. High shares are normal for banks holding large app program balances. They do not mean your balance is uninsured: pass-through insurance usually covers customers individually at the partner bank. Across US banks in 2022 to 2026, those above roughly 36% saw large quarterly total deposit declines more often than those below. Most banks above that level saw no such fall. This measures deposit movement and does not predict trouble for any bank.
Disclosure
The Affirm Money™ Account is held with Cross River Bank (CRB), Member FDIC. Affirm is not a bank. FDIC insurance covers accounts held with CRB in the event CRB fails.
www.affirm.com · as of September 5, 2026