EarnIn works with trusted banking partners that are FDIC-insured, such as Evolve Bank & Trust and Lead Bank. This means that your money in the account is protected by the Federal Deposit Insurance Corporation (FDIC) up to the standard maximum deposit insurance amount of $250,000 through our partner bank. This helps provide an added layer of security and peace of mind for your money.
So, in the unlikely event that the bank fails, your money is still safe
If you want to learn more about FDIC insurance, you can head to the Federal Deposit Insurance Corporation’s deposit insurance FAQ page.