Published · Updated · Christian Costa · Digital banks · 1 min read
What bank is Bancorp affiliated with?
The Bancorp Bank, N.A. is a national bank.
The Bancorp Bank, N.A. is a national bank. “Affiliated with” is the wrong shape for the question people type: fintech apps name The Bancorp Bank as a partner that holds deposits, and the bank also has customers of its own. Which program sits at which bank is in that program’s deposit agreement, not in a single list on a blog.
Chime, for example, says deposits are held at The Bancorp Bank, N.A. or Stride Bank, N.A., and that Chime itself is not the FDIC member. Your app shows which of the two banks holds your account. See Chime limits. FDIC insurance, when the pass-through conditions are met, covers the failure of the insured bank up to the standard maximum the FDIC publishes — confirm the current figure at fdic.gov, and do not treat a blog number as the statute.
The OCC’s public materials are the place to confirm a national bank. Brazilian bank codes, on the Portuguese side of this site, follow the Central Bank of Brazil, which is a different list.
Sources
This note is educational. It is not a recommendation to buy, borrow or insure anything, and it promises no return.
- Bancorp
- FDIC