App record
MoneyLion: who holds your money
- Institution type
- App
- Insurance route
- Pass-through FDIC insurance
- Recorded partner banks
- 1
- Disclosure read
- September 5, 2026
Insurance route
Pass-through FDIC insuranceMoneyLion'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
MoneyLion is not a bank. MoneyLion 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.
Current commentary
MoneyLion is not a chartered bank, so its customers’ money sits at Pathward, National Association. Pathward has letter B compared with banks of similar size on this site. Deposit insurance reaches MoneyLion customers through Pathward, provided MoneyLion’s records identify each customer. The stated limit is $250,000 per depositor, per insured bank, for each account ownership category. This information reflects MoneyLion’s disclosure as read on September 5, 2026.
Partner banks
1 bankPathward, National Association
- FDIC certificate
- 30776
- Role
- program bank
- Uninsured deposit share
- 12.7%
- Lefomi grade
- Grade BScore 69.1 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 Pathward, National Association
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