App record
Netspend: who holds your money
- Institution type
- App
- Insurance route
- Pass-through FDIC insurance
- Recorded partner banks
- 2
- Disclosure read
- October 2, 2026
Insurance route
Pass-through FDIC insuranceNetspend's disclosure, read on October 2, 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
Netspend is not a bank. Netspend says customer money is held at Pathward, National Association and Republic Bank & Trust Company, 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 October 2, 2026, and this page quotes that disclosure below. You can check each partner bank's own page on this site.
Current commentary
Netspend is not a bank itself. Customer money is held at two partner banks, Pathward, National Association and Republic Bank & Trust Company. The funds have pass-through FDIC insurance, a program where the Federal Deposit Insurance Corporation covers up to $250,000 per depositor per bank, based on the app's records. This information was current as of October 2, 2026.
Partner banks
2 banksPathward, 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
Republic Bank & Trust Company
- FDIC certificate
- 23627
- Role
- program bank
- Uninsured deposit share
- 45.6%
- Lefomi grade
- Grade AScore 88.0 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 894
- Peer group
- Banks, $1B to under $10B
- Deposit insurance
- FDIC insured
Changes
- 2026-10-02
- Netspend's website now names two issuing banks, Pathward, N.A. and Republic Bank & Trust Company. It no longer names The Bancorp Bank, N.A.
Grade alerts for Pathward, National Association
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