BusyKid: who holds your money
BusyKid is not a bank. BusyKid says customer money is held at Pathward, 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.
BusyKid is not a bank, and customer money sits at Pathward, National Association, which carries letter B among similar-sized banks on this site. Federal deposit insurance reaches BusyKid customers through Pathward when BusyKid’s records identify each customer. The stated limit is $250,000 per depositor, per insured bank, for each account ownership category. BusyKid’s disclosure was read on September 5, 2026.
Partner banks
- Pathward, National AssociationFDIC #30776 · program bank12.7%above the insured limitB69.1
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
The BusyKid Visa® Prepaid Card is issued by Pathward®, National Association a FDIC-insured depository institution, pursuant to a license from Visa U.S.A. Inc. Card can be used everywhere Visa debit cards are accepted. All Cardholder funds are eligible for FDIC pass-through insurance by the FDIC in accordance with the FDIC’s applicable terms and conditions to the extent they are held by Pathward.
busykid.com · as of September 5, 2026