App record
Raisin: 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 insuranceRaisin'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
Raisin is not a bank. Raisin does not hold customer funds. Bell Bank and Starion Bank act as custodial banks: they hold each customer's funds in custodial accounts and move them to the banks and credit unions the customer selects through Raisin. Your savings deposits sit at the bank or credit union you select, and deposit insurance applies there, as FDIC insurance at a bank or NCUA insurance at a credit union, through pass-through coverage that depends on the app's records identifying each customer. This was read from the app's own public disclosure on October 2, 2026, and the page quotes that disclosure below. You can check each custodial bank's own page on this site.
Current commentary
Raisin is not a bank itself. Customer funds move through custodial accounts at Bell Bank (letter C) and Starion Bank (letter C) to the bank or credit union each customer selects. The savings deposit and its FDIC insurance are at that selected institution, not at Bell or Starion. As of October 2, 2026, coverage is up to $250,000 per depositor, per insured bank, for each account ownership category, provided the app's records identify each customer.
Partner banks
2 banksBell Bank
- FDIC certificate
- 19581
- Role
- custodian
- Uninsured deposit share
- 25.3%
- Lefomi grade
- Grade CScore 46.0 out of 100
- Quarter ending
- June 30, 2026
- Other peers
- 126
- Peer group
- Banks, $10B to under $100B
- Deposit insurance
- FDIC insured
Starion Bank
- FDIC certificate
- 33758
- Role
- custodian
- Uninsured deposit share
- 44.6%
- Lefomi grade
- Grade CScore 24.3 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
- Raisin's website updated its disclosure, naming Bell Bank and Starion Bank as custodial banks. It also names First International Bank & Trust as the Service Bank.
Grade alerts for Bell Bank
Use the confirmation email to start alerts about the institution or provider on this page. Every alert email includes an unsubscribe link.