Albert: who holds your money
Albert is not a bank. Albert says customer money is held at Stride Bank, National Association and Wells Fargo Bank, National Association, 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.
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.
Partner banks
- Stride Bank, National AssociationFDIC #4091 · program bank6.2%above the insured limitB76.6
- Wells Fargo Bank, National AssociationFDIC #3511 · program bank50.3%above the insured limitF1.6
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
Funds in Albert Cash are held in a pooled account at Stride Bank, N.A. Funds in Savings accounts are held at Wells Fargo, N.A. Cash and Savings account funds are eligible for up to $250,000 in FDIC insurance on a pass-through basis should the bank holding your funds fail.
albert.com · as of September 5, 2026