Albert: who holds your money

Albert'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

Albert is not a chartered bank. Customer money sits at Stride Bank, National Association, letter B, and Wells Fargo Bank, National Association, letter F. These grades compare each bank with banks of similar size on this site. FDIC insurance reaches customers through each partner bank, provided Albert’s records identify each customer, with a limit of $250,000 per depositor, per insured bank, for each account ownership category. Albert’s disclosure was read on September 5, 2026.