Brigit: who holds your money
Brigit is not a bank. Brigit says customer money is held at Coastal Community 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.
Brigit is not a bank, and customer money sits at Coastal Community Bank, which has letter C on this site. Deposit insurance reaches customers through pass-through FDIC insurance, meaning coverage is provided at the partner bank through Brigit’s records. The limit is $250,000 per depositor, per insured bank, for each account ownership category, provided Brigit’s records identify each customer. This information reflects Brigit’s disclosure read on September 5, 2026.
Partner banks
- Coastal Community BankFDIC #34403 · program bank27.4%above the insured limitC21.4
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
Brigit Credit Builder accounts are provided by Coastal Community Bank, Member FDIC. Brigit is a financial technology company, not a bank. FDIC insurance only covers the failure of an FDIC-insured bank. FDIC insurance is available through pass-through insurance at Coastal Community Bank if certain conditions have been met.
www.hellobrigit.com · as of September 5, 2026