Raisin Statement of Principles for Vendors
This Statement of Principles can also be found via Raisin’s website. It is not a formalised part of the contract formed between Raisin and its vendors. However, all vendors are made aware of it and are expected to meet the relevant standards.
The Raisin Group is comprised of entities established within Europe and the USA (hereafter, altogether referred to as “Raisin”) each of which provides open banking services in the savings and investments space interacting with banks, financial services providers, several third-party suppliers of services (“Vendors”) and other third-parties to help them source stable and secure deposit funding and also enable them to offer third-party products to their customers. Through these relationships, Raisin enables retail savers to access high-quality, secure and competitive savings and investments products to help them maximize their returns.
As a significant business within the European and International market for open banking and particularly in the field of deposits, Raisin enters into agreements with third parties for either the procurement or supply of goods and services. These relationships with Vendors must be assessed and managed throughout their span in order that Raisin complies with the highest legal, regulatory and ethical standards. This Statement of Principles sets out the standards that Raisin places on itself and the Principles which we expect our carefully-selected Vendors to meet.
Ensuring the principles of sustainable development in our supply chain is important to us. We ask that our Vendors acknowledge the principles stated above or demonstrate their commitment to these by ensuring that their own code of conduct or company policies embrace these standards.
We support, embrace and enact the following Environmental, Social and Governance (ESG) standards, which are based on the ten principles of the United Nations Global Compact initiative, the United Nations Guiding Principles on Business and Human Rights, and the International Labor Organization’s Declaration on Fundamental Principles and Rights at Work. Throughout the Vendor Relationship, we expect our Vendors to also uphold these Principles.
1. Environment
- We strive to comply with all applicable environmental, health and safety regulations.
In selecting suppliers and partners which supply Raisin with products and services, we actively choose and support suppliers which promote the safe and environmentally sound development, manufacturing, transport, use and disposal of products. We ensure by using appropriate management systems that the quality of our services we provide meet the applicable requirements.
We take all reasonable steps to protect our employees’ health and wellbeing, as well as that of our customers and stakeholders.
We use resources efficiently, apply energy-efficient and environmentally friendly technologies and reduce waste, as well as emissions to air, water and soil. We measure our impact on the environment through working with partners to benchmark key indicators such as CO2 and other emissions.
We take steps to minimize our negative impact on biodiversity, climate change and water scarcity.
2. Social
- We fully support the protection of internationally proclaimed human rights and affirm our support for the fight against forced labour and child labour (including modern slavery and human trafficking).
We uphold the freedom of association and the right to collective bargaining in accordance with applicable laws.
We treat our employees with respect and provide a workplace free of harassment or abuse of any kind, which prevents harsh and inhumane treatment, and avoids all unlawful practices or discrimination.
We work to enhance and support diversity and inclusion in the workplace, encouraging all employees to being their full selves while at work and creating spaces such as forums and consultative groups to enable them to have a voice within Raisin.
We enable your employees and other stakeholders to report concerns or potentially unlawful practices at the workplace through an anonymous whistleblowing process.
We comply with minimum wages and working hours in accordance with local laws.
3. Governance
- We abide by all applicable national and international trade laws and regulations including but not limited to antitrust, trade controls, and sanction regimes.
We consider business integrity as the basis of business relationships.
We prohibit all types of bribery, corruption, and money laundering.
We forbid gifts to public officials or any other Politically-Exposed Persons that aim to influence business decisions or otherwise encourage them to act contrary to their obligations.
We respect the privacy and confidential information of all your employees and business partners as well as protect data and intellectual property from misuse in line with the applicable regulations.
We implement and operate an appropriate Compliance Management System, which facilitates compliance with applicable laws, regulations, and standards.
Raisin carries out detailed assessments of all of our Vendors to ensure their integrity and commitment to ESG and will take appropriate steps regarding our relationship with any Vendors where there is a reason for concern. Raisin reserves the right to discontinue any relationship for non-adherence to international principles, failure to correct violations, or displaying patterns of non-compliance with these standards.
© 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 27, 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.