In These scenarios, the financial institution ordinarily partners by using a chartered bank behind the scenes to supply FDIC coverage to consumers. But Take note that for neobanks, FDIC insurance policy kicks in Should the companion bank fails, not If your neobank fails. NerdWallet has an engagement with Atomic Commit, https://bank10852.blogthisbiz.com/39761149/how-much-you-need-to-expect-you-ll-pay-for-a-good-bank