GrabrFi is a product of Grabr, Inc. Grabr, Inc. is a financial technology company, not a bank. This means that GrabrFi is not FDIC insured, however our partner US bank, Regent Bank, which holds your money, is FDIC insured.

As a customer of GrabrFi, you are eligible for what is called pass-through FDIC insurance through Regent Bank, Member FDIC. This means your money is placed at an insured bank (Regent Bank) through a third party (GrabrFi) and it is protected up to $250,000 USD. This applies to both foreign nationals and US citizens.

FDIC insurance only protects against the failure of depository institutions (including banks) and certain conditions must be satisfied for pass-through FDIC deposit insurance to apply.

When you add money to GrabrFi, it is placed directly at Regent Bank. GrabrFi does not hold or touch your money.