Yes! Funds deposited in a Flyp Classic Demand Deposit Account are eligible for FDIC insurance. Your funds will be held at Sutton Bank, an FDIC-insured institution. The funds are insured up to $250,000 by the FDIC in the event Sutton Bank fails. See fdic.gov/deposit/deposits/prepaid.html for details.
Is my money secure?
Written by The Flyp Team
Updated over a week ago
Updated over a week ago