Oportun: who holds your money

Oportun'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

Oportun is not a chartered bank, and customer money is held at 3 partner banks. They are Wells Fargo Bank, National Association, rated F, JPMorgan Chase Bank, National Association, rated C, and Citibank, National Association, rated C. Pass-through FDIC insurance, insurance passed through another institution, reaches customers at each partner bank if Oportun’s records identify each customer. The limit is $250,000 per depositor, per insured bank, for each account ownership category, as disclosed on September 5, 2026.