Greenlight: who holds your money
Greenlight is not a bank. Greenlight says customer money is held at Community Federal Savings 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.
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.
Partner banks
- Community Federal Savings BankFDIC #57129 · program bank92.1%above the insured limitD12.3
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
Greenlight is a financial technology company, not a bank. The Greenlight app facilitates banking services through Community Federal Savings Bank (CFSB), Member FDIC.
greenlight.com · as of September 5, 2026