How Can My Funds be Eligible for FDIC deposit insurance up to $5,000,000?

Your funds in the Bushel Business Account* are eligible for FDIC deposit insurance. Bushel is a financial technology company, not a bank. Banking Services for the Bushel Business Account provided by The Bancorp Bank, N.A. Member FDIC. FDIC insurance only covers the failure of an FDIC-insured bank. The standard FDIC deposit insurance limit is $250,000 per depositor, per FDIC- insured bank, per ownership category through The Bancorp Bank, N.A. and its  sweep program banks.  

It's important to note that if you hold other deposits in the same ownership category at the same Program Bank, the total amount across those accounts at that bank will be aggregated to determine the deposit insurance limit.

For more details, you can also check the Program Bank List at https//bushelwallet.com/sweep-program-bank-list to see which banks participate in the sweep program, and or contact us at support@bushelwallet.com. 

*Bushel is a financial technology company, not a bank. Banking Services for the Bushel Business Account are provided by The Bancorp Bank, N.A. Member FDIC.