Spendesk platform gives access to payment services (including payment accounts, debit cards and wire transfers) which can be accessed through several regulated payment services providers (”PSPs”) depending on the customer’s location.
Who is Spendesk’s partner payment service provider (PSP) for US customers?
For the provision of payment services to customers located in the US, Spendesk is working with Sutton Bank, licensed in the United-States (Ohio), and member of the member Federal Deposit Insurance Corporation (“FDIC”).
How are the funds protected?
Our US customers’ funds are insured by the FDIC and covered up to $250,000 as mentioned on the FDIC website.