Where can you find your 1099-INT?
Your Raisin tax documents can be accessed through your Raisin account.
Log in
Log into your Raisin account.
Click on "Documents"
Click on "Documents" at the top of the page. You will first see your monthly statements.
Click on "Tax Documents"
From your Documents page, click on "Tax Documents". You will be brought to the most recent tax year. If you are looking for documents from a previous tax year, click the drop-down menu in order to select the year you need.
Download
Click on "PDF" to download each 1099-INT
Who will get a 1099-INT?
You will only receive tax documents for years during which you earned $10 or more in interest via Raisin. If you have a joint account, only the primary account holder is able to access tax documents for any shared accounts. In addition, only the primary account holder of a deposit account will receive tax documentation.
When will you get your 1099-INT from Raisin?
Your 1099-INT will be available in your Raisin account no later than January 31, 2024. If you haven't opted in for digital-only tax documents, a physical copy will be mailed to you no later than January 31, 2024. Mailed tax documents should arrive by mid-February.
Why are you getting 1099-INT at a custodian-bank level?
Many of our customers hold multiple savings products on our platform. In order to minimize your paperwork, we are now issuing 1099-INTs per custodian bank, rather than per product bank or credit union.
Each of our partner banks and credit unions is mapped to a specific custodian bank. For reporting purposes, Raisin aggregates interest you earned across a group of institutions under each custodian.
For example, if your earnings for this year were as follows...
You will receive 2 Form 1099-INTs:
One form with Lewis & Clark Bank listed as the payer with an aggregated interest income of $35 ($15+$20)
One form with the Central Bank of Kansas City listed as the payer with an aggregated interest income of $25
Other useful FAQs
To ensure the Raisin platform is as safe and secure as possible, we work with federally insured banks as the custodians of your funds. These custodian banks establish accounts at each bank or credit union on our platform and hold the funds there for the benefit of customers. This allows you to open one single Raisin account with the custodian banks while funding multiple products at different financial institutions if you so choose. Raisin never touches your funds and they are always held with a federally insured institution for your safety and security.
Yes, you will receive a consolidated Form 1099-INT for all products where your aggregated earned interest per custodial bank is equal to or higher than $10.
Each partner bank is mapped to a specific custodial bank (details of this mapping can be found here). For reporting purposes, Raisin aggregates the interest you earned across a group of institutions under each custodian.
For example, if you earned:
$15 from XYZ Bank, associated with Lewis & Clark Bank
$20 from ABC Bank, associated with Lewis & Clark Bank
$25 from DEF Bank, associated with Central Bank of Kansas City
You will receive 2 Form 1099-INTs:
One form with Lewis & Clark Bank listed as the payer with an aggregated interest income of $35 ($15+$20)
One form with the Central Bank of Kansas City listed as the payer with an aggregated interest income of $25
Email: support.us@raisin.com
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*APY means Annual Percentage Yield. APY is accurate as of {todayDate}. 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 or an NCUA-insured credit union, and does not hold any customer funds. Funds deposited through Raisin are exclusively held at federally insured financial institutions. FDIC or NCUA deposit insurance coverage covers the failure of partner banks and credit unions on the Raisin platform.
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 through Raisin.com. Central Bank of Kansas City (CBKC), Member FDIC, d.b.a. Central Payments is the Service Bank. CBKC, Lewis & Clark Bank and Starion Bank, each Member FDIC, are the Custodial Banks.