Deposit accounts are held at Cross River Bank, Member FDIC, and insured up to $250,000. Deposits are automatically enrolled in a cash sweep program, which provides up to $10M of aggregate FDIC pass-through deposit insurance coverage, across participating FDIC-insured network banks, subject to limits. Certain conditions must be satisfied for deposit insurance coverage to apply, see terms: X Payments LLC is not an FDIC-insured bank. Deposit insurance only covers the failure of an insured bank.