How Raisin is built for financial security
Your savings, protected by design
At Raisin, we understand that who you choose to trust with your money is a significant decision. In a world of evolving financial technology, we believe transparency is the foundation of trust. We’ve built our platform on a bank-led architecture. This means that while we provide the technology to help you deposit and manage your funds, your money and your platform records are always held by federally regulated financial institutions.
Raisin never holds your money
Raisin is committed to keeping your money safe, which is why Raisin never holds your funds. We have intentionally structured our platform so that all critical functions are performed by federally regulated banks, not by us.
The service bank
A federally regulated bank manages the movement of your funds via the secure ACH network.
The custodial bank
A licensed U.S. bank acts as the "institutional holder" of your funds, maintaining the official record of your account.
The product bank or credit union
The FDIC- or NCUA-insured bank or credit union you choose to hold your funds and earn interest.
Unlike other platforms, Raisin is designed to ensure that customer funds are always kept strictly separate. There is no commingling, and your money will never be mixed with non-customer or Raisin funds. Customer funds are always held independently by the custodial bank solely for the customer's benefit.
Redundant recordkeeping at every step
A common concern with digital platforms is whether your name is actually "on the books" at the bank. Raisin solves this through a distributed recordkeeping system where your data is synchronized across multiple regulated partners every business day.
Daily syncs
Each business day, Raisin sends granular records to partner institutions, which maintain them per federal recordkeeping standards.
Partner-synchronized recordkeeping
Both our custodial bank and your chosen product bank or credit union maintain their own copies of who owns the funds.
Verified accuracy
We reconcile records daily across Raisin, the custodial bank, and your product bank or credit union to ensure strict alignment.
Our bank-led model goes above and beyond
Who knows who you are? | The service and custodial banks hold your full identity independently | Only the fintech — if they fail, the bank is "blind" |
Where are the records? | Distributed ledgers held independently at multiple regulated banks | One central, private ledger |
Daily syncing? | Automated 24-hour sync across partners | Heightened risk of manual or delayed reconciliations |
Who holds your money? | Bank-grade security; only insured banks hold funds | Risk of commingled funds held directly by the platform |
Sophisticated safeguards to protect your account and identity
Raisin implements an advanced, multi-layered cybersecurity defense system built to strictly safeguard your privacy and financial data.
Independently verified standards
Our SOC 2 certification confirms our security measures are properly audited by an independent third party.
Advanced digital defense
We use SSL encryption, firewalls, and regular penetration testing to block threats.
Secure access and fraud protection
Multi-factor authentication and unique customer IDs help to protect your account from unauthorized access.
Your deposits are eligible for $10M+ in federal deposit insurance coverage
Your deposits are eligible for FDIC or NCUA deposit insurance up to $250,000 per person, per institution, subject to certain conditions.
And, because Raisin works with 100+ federally insured banks and credit unions, you are eligible for over $10 million in deposit insurance when you maintain funds across multiple partners.†
A plan for every eventuality
What if Raisin were to close or fail? While we have built Raisin to last, we also believe in being prepared for any scenario.
Direct access
If Raisin stops operating, banks have the records to send funds directly back to your externally linked account.
Continuous protection
Because your money is held at regulated banks, not at Raisin, it remains safe and identifiable even if our platform is offline.
Regulated oversight
Partner banks maintain independent, regulated processes to keep your deposits secure.
Not sure where to start? We’re here to help.
Our support team is available Monday through Friday from 8 a.m. – 8 p.m. ET. Call 844-994-EARN (3276) or email us at support.us@raisin.com.
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© 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 May 12, 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.