Oportun: who holds your money
Oportun is not a bank. Oportun says customer money is held at Wells Fargo Bank, National Association, JPMorgan Chase Bank, National Association and Citibank, 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.
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.
Partner banks
- Wells Fargo Bank, National AssociationFDIC #3511 · program bank50.3%above the insured limitF1.6
- JPMorgan Chase Bank, National AssociationFDIC #628 · program bank49.4%above the insured limitC45.2
- Citibank, National AssociationFDIC #7213 · program bank47.8%above the insured limitC48.4
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
Oportun is a financial technology company, not an FDIC-insured bank. However, Oportun holds your deposits in accounts established at Wells Fargo Bank, N.A., JPMorgan Chase Bank, N.A., and/or Citibank, N.A., Members FDIC (collectively, the “Depository Institutions”). Those deposits are eligible for FDIC insurance on a pass-through basis
oportun.com · as of September 5, 2026
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