How Holdings Offers $5M FDIC Insurance
At Holdings, we know how crucial it is for small business owners to protect their hard-earned money. That's why we've teamed up with Evolve Bank & Trust to offer a Business Account with expanded FDIC insurance coverage, giving you peace of mind and empowering your business growth.
What is an FDIC Sweep Program?
An FDIC sweep program is a savvy financial tool that automatically distributes your funds across multiple FDIC-insured banks. This ensures you receive insurance coverage beyond the standard $250,000 limit per depositor per bank, maximizing your protection and minimizing risk.
How Holdings' Business Account Works
When you deposit into your Holdings Business Account, your funds start at Evolve Bank & Trust. They are then swept into deposit accounts at partner FDIC-insured Program Banks, expanding your coverage to $5 million based on available banks.
The sweep happens daily, dynamically adjusting to maintain optimal protection as your balance changes.
Easy Access to Your Funds
Our user-friendly platform makes managing your funds effortless. Despite being distributed across multiple banks, you can view balances, initiate transfers, and manage finances from the Holdings dashboard.
Your Protection is Our Priority
We're committed to keeping your business funds safe. By leveraging Evolve Bank & Trust's FDIC sweep program, our Business Account offers unmatched protection and a seamless experience, allowing you to focus on growing your business confidently.
Getting Started with Holdings
Ready to enjoy expanded FDIC insurance and streamlined financial management? Opening a Holdings Business Account is quick and easy. Visit getholdings.com and follow the prompts. Our support team is ready to assist you every step of the way.
With Holdings' Business Account and the power of the FDIC sweep program, take control of your financial future today. Maximize your coverage and simplify your management effortlessly.
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© 2023-2024 Holdings Financial Technologies Inc. All rights reserved. Holdings is a financial technology company, not a bank. Banking services provided by Evolve Bank & Trust, Member FDIC
Funds deposited in your Holdings account are held by Evolve Bank & Trust, Member FDIC. The standard deposit amount is $250,000 per depositor, per insured bank, for each account ownership category. Through Evolve's Sweep Program, funds may be eligible for up to $5M in FDIC insurance. Find additional information about the Sweep Program here
²Yields, fees, and asset allocations are subject to change. While the fund aims to preserve capital and maintain liquidity, it is not FDIC insured and there can be no assurance that these objectives will be met. Please see the prospectus for full details on risks and investment objectives.