moomoo: who holds your money
moomoo is not a bank. moomoo says customer money is held at Apple Bank, BankUnited, National Association, East West Bank and Prime Alliance Bank, with insurance reaching customers as SIPC protection for securities, with cash swept to program banks. 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.
As of September 5, 2026, moomoo is not a bank; securities and broker-held cash remain there, while swept cash sits at four program banks. Those banks are Apple Bank, letter D; BankUnited, National Association, letter D; East West Bank, letter C; and Prime Alliance Bank, letter A. These grades compare each bank with banks of similar size on this site. SIPC protection, coverage for broker-held securities and cash, is $500,000 per customer, of which up to $250,000 may be cash. Swept cash instead has FDIC pass-through insurance, deposit coverage reaching the customer through each bank, up to $250,000 per depositor, per bank.
Partner banks
- Apple BankFDIC #16068 · sweep network21.0%above the insured limitD9.5
- BankUnited, National AssociationFDIC #58979 · sweep network57.9%above the insured limitD12.7
- East West BankFDIC #31628 · sweep network51.5%above the insured limitC33.7
- Prime Alliance BankFDIC #57920 · sweep network17.3%above the insured limitA83.1
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 uninvested cash swept to program banks is eligible for FDIC insurance up to $2 million.
www.moomoo.com · as of September 5, 2026
Program banks from moomoo's Deposit Bank List (moomoo.com/us/support/topic4_221); banks whose name alone does not identify one FDIC record (American State Bank, Cadence Bank, Central Bank, Eagle Bank, Webster Bank) are omitted.