Money you deposit in Pool is eligible for FDIC insurance up to $250,000.
Pool is not a bank. FDIC insurance is provided by our sponsor bank, First Internet Bank of Indiana, Member FDIC.
Deposits are insured up to $250,000 per depositor, per ownership category, provided the requirements for FDIC pass-through insurance coverage are met. Pool deposits are held at First Internet Bank of Indiana, Member FDIC in a manner intended to satisfy those requirements, including maintaining records of customer ownership.
FDIC insurance protects eligible deposits in the event of the failure of an FDIC-insured bank.