Who holds it?
Regulated partners: Bridge, Circle and Lead Bank.
Three questions to ask about any financial company
What backs it?
Cash and short-term US Treasuries, 1:1.
What protections apply?
1:1 backing for your balance, Visa Zero Liability for your card.
Who holds your money
GrabrFi is not a bank. We work with regulated partners, each with a specific job. You can check every one of them.
Bridge
a Stripe company
Holds the reserves that back your global account balance outside the EU.
- Applies to:
- balance outside the EU
Circle
regulated in the EU
Holds the reserves that back your global account balance in the EU.
- Applies to:
- balance in the EU
Lead Bank
US bank, regulated by the FDIC
Provides your US account details and issues your global card.
- Applies to:
- US account details, global card
How your global account balance is backed
For every dollar in your global account, there is a dollar held in reserve, in cash and short-term US Treasuries. The reserves are held by a regulated partner, separate from GrabrFi's own funds.Which partner holds them depends on where you live. Both publish their reserves, so you can check them at any time.
1:1 backing vs. FDIC insurance
They are two different kinds of protection. Your global account balance is protected by 1:1 backing, not by FDIC insurance.
1:1 backing (your balance)
What it isEvery dollar of your balance is matched by a dollar in cash or short-term US Treasuries.
What it coversThe full value of your global account balance.
When it mattersEvery time you spend or withdraw. The reserves are there to meet it.
Applies to your balance? Yes
FDIC insurance
What it isUS government insurance on deposits at an FDIC-insured bank, up to $250,000 per depositor, per bank.
What it coversDeposits held at an insured bank.
When it mattersOnly if an insured bank fails.
Applies to your balance? No
How to verifyLook up any bank on FDIC BankFind.
Check it yourself
Don't take our word for it. These links go straight to the source.
