App record
Apple Cash: who holds your money
Apple Payments Services LLC
- Institution type
- App
- Insurance route
- Pass-through FDIC insurance
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Pass-through FDIC insuranceApple Cash'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.
Summary
Apple Cash is not a bank. Apple Cash says customer money is held at Green Dot Bank DBA Bonneville 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.
Current commentary
Apple Cash is not a chartered bank, and customer money sits at Green Dot Bank DBA Bonneville Bank, rated letter A. Deposit insurance passes through from that bank to each customer, provided Apple Cash’s records identify each customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category. This reflects Apple Cash’s disclosure read September 5, 2026.
Partner banks
1 bankGreen Dot Bank DBA Bonneville Bank
- FDIC certificate
- 22653
- Role
- program bank
- Uninsured deposit share
- 3.7%
- Lefomi grade
- Grade AScore 96.2 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 894
- Peer group
- Banks, $1B to under $10B
- Deposit insurance
- FDIC insured
Grade alerts for Green Dot Bank DBA Bonneville Bank
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