FAQ
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Raisin
- FAQ:
- Where are my funds held? Your account is opened through Raisin, an online savings marketplace partnering with over 40 federally insured US banks and credit unions. However, your funds are held in a custodial account with the bank or credit union that is providing your savings account.
- Are my deposits insured? Yes. all banks and credit unions on the Raisin platform is FDIC or NCUA insured. For each institution, your funds are insured up to $250,000 per depositor.
- Are there any fees? No, there are no monthly service fees, account opening fees, or account closing fees.
- How long do deposits and withdrawals take? All deposits and withdrawals are completed within one to three (1-3) business days.
- How do I access my money? You have 24/7 online access. To withdraw money, just transfer it back to your linked bank account.
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