How coverage works
Client funds are placed with a network of insured partner institutions. Spreading deposits across several institutions allows combined coverage of up to $2,500,000 per depositor.
Legal
Deposit insurance coverage
Arrival Bank Plc is a U.S.-licensed digital bank (neobank) regulated in Puerto Rico and Europe. Eligible deposits are Federally Insured by NCUA up to $2,500,000 through our partner financial institutions.
What is covered
Coverage applies to eligible deposit balances held in your Arrival accounts.
- Checking balances
- USD deposits held with partner institutions
What is not covered
Insurance does not protect against losses from investment products, foreign-exchange movements, or payments you have authorised yourself.
Frequently asked questions
Do I need to apply for coverage?
No. Eligible deposits are covered automatically.