Where are my funds held? (last updated July 19, 2021)
Your prepaid card, demand deposit or savings account funds will be placed with MetaBank, N.A., who will act as custodian of your funds. By activating or using your card or account, you are authorizing MetaBank to serve as a custodian to hold your funds at MetaBank or one or more participating FDIC-insured banks (each a Program Bank) until transferred or spent by you.
Program Banks as of July 19, 2021 are:
- MetaBank N.A. (Sioux Falls, South Dakota)
- New York Community Bank (New York, New York)
- TIAA Bank (Jacksonville, Florida)
The list of Program Banks is subject to change and you should review the list periodically. If you do not want your funds being held at MetaBank or placed by MetaBank, as custodian, at a specific Program Bank pending your use of funds associated with the card or account, please see your MetaBank card or account agreement for other options.