Very. We are partnering with a regulated bank in the US which will provide all the financial infrastructure for our platform.
All TreeCards will be issued by Mastercard.
We will also have a freeze card feature-- if you notice an unauthorized transaction, you’ll be able to instantly freeze ❄️ your TreeCard in the app to prevent further unauthorized card transactions.
Will my deposits be insured?
Accounts will be insured up to the standard maximum deposit insurance amount of $250,000 through our banking partners.
What type of account is my TreeCard account?
TreeCard will be a full-featured deposit account.
Your account will be able to receive direct deposits and ACH transfers.
TreeCard will give you a Mastercard Debit Card, which links to an FDIC-insured deposit account that can be managed entirely from your smartphone.