Affirm: who holds your money

Affirm's disclosure, read on September 5, 2026, describes FDIC pass-through coverage, deposit insurance through partner banks. Coverage depends on customer identification and recordkeeping. It protects eligible deposits when a partner bank closes, not the app company itself. An app closure does not trigger that protection. The visible disclosure and notes provide the programme’s specific conditions.

Current commentary

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.