Devote is not a bank. Your organization's savings are held through our deposit program partner, which places them across FDIC-insured banks and NCUA-insured credit unions. That gives your organization coverage of up to $50 million.
How the coverage works:
- Each bank or credit union insures up to $250,000 per depositor, per institution, per ownership category.
- Pass-through coverage conditions apply.
To see where your money is placed, go to Settings → Bank and look under Holdings, which lists each institution and the balance held there.
For the full terms, read the deposit insurance disclosure: usedevote.com/deposit-insurance-disclosure.
Still have a question? Email support@usedevote.com, or browse the Help Center.
