Greenlight: who holds your money

Greenlight'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

Greenlight is not a chartered bank, so customer money physically sits at Community Federal Savings Bank, which has letter D on this site. The grade compares the bank with banks of similar size on this site. Insurance reaches each customer through the bank, provided Greenlight’s records identify each customer’s share of the money. The FDIC, the federal bank deposit insurer, covers $250,000 per depositor, per insured bank, for each account ownership category. This information reflects Greenlight’s disclosure read September 5, 2026.