How your money is held
Your money is held at an FDIC-insured partner bank or in a U.S. Treasury money-market sweep — two of the safest places money can sit: a government-insured bank account, or U.S. government securities.
Last updated:
What those words mean
- FDIC-insured partner bank: a US bank whose deposits are insured by the FDIC, the US government agency that insures deposits at member banks.
- U.S. Treasury money-market sweep: a money-market fund that holds U.S. government securities, such as Treasury bills.
Is ACK a bank?
No. ACK Fintech Inc. is a financial technology company. Accounts and cards are provided by a partner bank.
Who can open an account?
Anyone 18 or older living in the United States, with a US address and a Social Security number or ITIN, verified with standard KYC documents.