Treasury for consumersPrivate preview

Treasury for consumers lets you create embedded financial accounts and prepaid debit cards for the consumers on your platform or marketplace. Stripe handles money movement, identity verification, compliance, and risk. Platforms can perform the following actions on consumer financial accounts:

• Store funds for consumers in an FDIC-insured financial account.
• Fund accounts from the consumer’s Stripe balance or from your platform’s financial account.
• Enable on-platform spending so consumers can use their financial account to pay your platform and other Stripe businesses.
• Enable withdrawals to the consumer’s external US bank account.
• Issue prepaid debit cards that spend directly from the financial account balance as virtual or physical cards.

Use cases

Treasury for consumers allows you to offer Treasury instruments that align with different types of consumers on your platform:

• Embedded wallets: Sellers, service providers, and creators can receive earnings, hold funds, and make on-marketplace purchases using their financial account balance from a branded wallet. They can withdraw earnings to their external bank account at any time.
• Prepaid debit cards: Consumers can spend their financial account balance anywhere that accepts Visa or Mastercard, using a virtual or physical prepaid debit card.

FDIC pass-through insurance

USD held in financial accounts (other than indicated accounts) are eligible for FDIC pass-through deposit insurance if they meet certain requirements. Funds held in the accounts are eligible only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same ownership category. The FDIC’s deposit insurance coverage only protects against the failure of an FDIC-insured depository institution and Stripe is not an FDIC-insured depository institution. Funds eligible for FDIC pass-through deposit insurance are held at Fifth Third Bank, N.A., Member FDIC.