We work with our bank partner, TransPecos Banks, SSB, Member FDIC, to put the money you want to save into an FDIC-insured Deposit Account.

You have control over moving your money. Whenever you initiate a deposit, we transfer funds from your linked primary bank account to your Catch Money account.

The purpose of the back-end account with TransPecos Banks, is to securely hold your savings in Catch. Any access you need to that account is done through Catch. You can make a direct deposit, withhold funds from a paycheck, or transfer money back to your linked bank account at any time.

See here for details on how to withdraw money from Catch.

Catch Money is a financial technology company and is not a bank. Banking services provided by TransPecos Banks, SSB, Member FDIC. Accounts are eligible for pass-through deposit insurance only to the extent pass-through insurance is permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. There may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.