Enjoy peace of mind with
millions in extended
deposit insurance*
Extended Insurance Accounts* are a unique product that provides access to millions in
additional FDIC or NCUA deposit insurance through financial institutions in the
ModernFi Network. Enjoy the peace of mind that comes with extra protection while
also pursuing your financial goals.
What is an Extended
Insurance Account*?
An Extended Insurance Account* provides millions in extended federal insurance on your deposits by distributing your
balance in amounts under the $250,000 threshold to partner financial institutions in the ModernFi Network. By
placing under the $250,000 maximum at each bank or credit union, your entire balance can be backed by the the
full faith and credit of the United States government
Extended Insurance
Make your deposits eligible for protection backed by the full faith and credit of the federal government
A Single Banking Relationship
Enjoy extended insurance without the hassle of multiple banking relationships
Simple Account Opening
Simply review and accept ModernFi’s Terms & Conditions during standard account opening to get started
Full Control of Your Funds
Deposit, transfer, and withdraw money at any time, just like a regular transaction account
Continuous Transparency
Always know your deposits are allocated safely at other federally-insured institutions
Enhanced Interest
Grow the balances in your account with competitive interest rates