Where is my money held?
Oportun is not a bank. We hold all the members’ money at partner banks and all our partner banks are FDIC insured.
What partner banks do you work with?
Your Set & Save™ funds are held at our partner institutions listed here.
Is my money insured by FDIC?
The short answer is yes, the funds in your savings goals are covered by FDIC insurance because they are held at FDIC-insured banks. FDIC insures deposits so that you do not lose all the money in case the bank fails, but some limitations apply. You can learn more here:Is my money in Set & Save™ FDIC-insured?