Marketplace closed-loop respend walletPrivate preview
Allow consumer connected accounts to store funds and withdraw to bank accounts.
Consumer financial accounts let platforms offer embedded wallet functionality for consumers on Custom Connect. With this integration, you can store funds for consumers, move money into a financial account, and support spending with stripe_.
Consumer financial accounts are currently available only to supported platforms. Contact your Stripe representative if you want to learn more.
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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.