Raisin takes data protection to the next level
Key takeaways
Raisin uses security technologies such as encryption, secure infrastructure, and access controls to help safeguard user data and financial information.
Personal information is collected and processed in line with applicable data protection laws, with clear policies outlining how data is used and stored.
While Raisin implements robust protections, users also play a role by using strong passwords, monitoring account activity, and following best practices for online security.
When Ben Franklin proclaimed, “A penny saved is a penny earned,” he couldn’t have anticipated that your saved pennies might be subject to privacy and internet hacks more than 200 years later.
In our digital age, protecting your personal and financial information online can be just as critical as your great savings habits.
According to a Raisin survey, having strong safety, security, and fraud protection was the most critical factor for respondents when shopping for an online bank or savings account. “Strong safety protection” was even more important to participants than no fees or an attractive interest rate.
To ensure that we keep our customers’ data secure and their private information private, Raisin has endeavored to meet the requirements for SOC 2 certification, which was created by the American Institute of Certified Public Accountants (AICPA).
So, what is SOC 2, exactly? And how does it protect your data? Let’s dive in.
The nuts and bolts of SOC 2
SOC 2 is a designation that confirms a company’s information security measures are up to snuff and have been properly executed. More precisely, SOC 2 ensures that a service provider has detailed, ongoing internal procedures to keep their customers’ information safe and protected.
Financial companies that complete annual SOC 2 compliance can demonstrate an exceptionally high level of assurance and robust “internal corporate governance and risk management processes,” according to AICPA.
For financial technology companies, in particular, SOC 2 compliance means organizations can prove they are operating with secure computer systems and trusted processes.
What the SOC 2 designation means for customers
You can rest assured that your data is safer with a SOC 2 designated provider. This is because in order to meet compliance standards, a company must abide by AICPA’s strict guidelines about keeping information that could identify a client private. This data includes customer names, addresses, or Social Security numbers. A financial firm must also have adequate mechanisms to ensure that personal identifiable information (PII) is secure from uncertified access or criminals.
There are other types of information companies must keep secure, which could also be at risk without this certification. For example, organizations must prove that they will not reveal other vital details about their clients, such as data about “health, race, sexuality, and religion,” according to software company Imperva.
The SOC 2 certification can offer confidence that your financial institution has the necessary controls and systems in place to be a trusted partner and guardian of your funds, as well as your data.
Why Raisin is SOC 2 certified, and why it matters to you
Why Raisin is SOC 2 certified, and why it matters to you
As our Consumers’ Savings & Banking Behaviors survey demonstrated, today’s consumers are concerned about the safety of their online accounts. They want to be confident that their providers have sophisticated and vigorous systems to safeguard their personal information and data.
At Raisin, we want to assure our customers that we take our responsibilities and promises to them seriously. As a tech platform provider whose business is focused on financial products, it is imperative that our customers and partner banks and credit unions can rely on our operational controls.
This is why we now have independent assurance of our highly effective security controls from a trusted and recognized AICPA-certified auditor, which means you can rest assured that your data is safe with us.
Save safely with Raisin
Raisin is the premier online marketplace for smart savers to discover competitive savings products offered by our network of banks and credit union.
With a Raisin login, it’s easy to get started with a one-time only registration. And within minutes, you’ll have access to every savings product offered by our network of partner banks and credit unions.
You can quickly and easily compare products with varying maturities and yields that suit your savings goals. Then, track everything from your Raisin login. A savings method that even Benjamin Franklin would admire — and best of all, you can have the confidence that your account is safe and secure.
Related Content
© 2026 Raisin SE. All rights reserved.
The Raisin name and logo are trademarks of Raisin SE. All other trademarks, logos, marks, and brand names are the property of their respective owners.
*APY means Annual Percentage Yield. APY is accurate as of April 24, 2026. Interest rate and APY may change after initial deposit depending on the terms of the specific product selected. Minimum opening deposit is $1.00.
Raisin is not an FDIC-insured bank, and FDIC deposit insurance only covers the failure of an insured bank.
Raisin is not an NCUA-insured credit union. NCUA deposit insurance only covers the failure of an insured credit union.
Raisin does not hold any customer funds. Customer funds are held in various custodial deposit accounts. Each customer authorizes the Custodial Bank to hold the customer’s funds in such accounts, in a custodial capacity, in order to effectuate the customer’s deposits to and withdrawals from the various bank and credit union products that the customer requests through Raisin.com. The Custodial Bank does not establish the terms of the bank or credit union products and provides no advice to customers about bank or credit union products offered by the applicable bank or credit union through Raisin.com. Each customer also authorizes the Service Bank to move funds among the various banks and credit unions at the customer’s request. First International Bank & Trust (FIBT), Member FDIC, is the Service Bank. Bell Bank and Starion Bank, each Member FDIC, are the Custodial Banks.
†Based on $250,000 in FDIC or NCUA insurance coverage per insurable category of ownership at each partner bank or credit union on the Raisin platform (each a "Product Bank"), when aggregated with all other deposits held by you at such Product Bank and in the same insurable category. Deposits made through Raisin will be eligible to receive deposit insurance from the FDIC or the NCUA (each a "Deposit Insurer") in accordance with and up to the maximum amount permitted by law at each Product Bank. Raisin is not a bank or credit union and does not hold any customer funds. Funds are held at FDIC-insured banks and NCUA-insured credit unions. Deposit insurance covers the failure of an insured bank or credit union. Certain conditions must be satisfied for pass through deposit insurance coverage to apply. Customers may choose to deposit funds with identically registered accounts at different Product Banks on the Raisin platform to be eligible for Deposit Insurer coverage up to $10 million for individual accounts and $20 million for joint accounts when at least 40 Product Banks are utilized. Please be aware, however, that any deposits you have at a Product Bank, whether through the Raisin platform or outside the Raisin platform, that you may hold in the same capacity (such as in an individual capacity or joint capacity) count toward the applicable Deposit Insurer's deposit insurance maximum amount, and any such amounts that you hold in the same capacity at a Product Bank that exceed the maximum insurance coverage by the applicable Deposit Insurer will not be insured. For more information on FDIC deposit insurance, please see here. For more information on the NCUA share insurance fund, please see here. You are solely responsible for monitoring the amount of funds you have on deposit at each a Product Bank, whether through the Raisin platform or outside the Raisin platform, to confirm that the deposits you hold in the same capacity at each Product Bank do not exceed the maximum deposit insurance coverage provided by the applicable Deposit Insurer.