Get up to $3M in FDIC protection.
Manage your business finances knowing that your deposits are FDIC-insured up to
$3 million through Coastal Community bank, Member FDIC and our program banks—that’s 12x
the standard deposit coverage limit.BVSUP-00108
Bank with confidence.
Extra peace
of mind.
Increased FDIC insurance means your deposits are diversified across
multiple banks and covered up to $3M.
12x the FDIC
protection.
Get 12x the standard coverage of $250,000 without the hassle of managing multiple accounts.
Better protection, same
experience.
The Bluevine dashboard experience remains the same, so it’s easy to manage and move money for new and existing customers alike.
How it works.
By partnering with a trusted sweep network, we’re able to strategically spread your deposits across multiple banks to expand your FDIC coverage to $3 million. You’ll be able to see how your funds are distributed on your monthly statements, and you can access all of your deposits at any time.
How does a sweep network benefit your business?
Learn the ins and outs of sweep networks and see how they help give your business checking account expanded FDIC deposit insurance coverage.
Security FAQs
A sweep network is a secure network of partner banks that allows us to strategically distribute your Bluevine Business Checking balances. This way, your funds are held by multiple trusted, FDIC-insured banks within the network, and you can manage your finances more confidently knowing that your deposits are protected up to $3 million instead of the standard limit of $250,000.
Yes—new and existing customers automatically receive $3 million in FDIC insurance, but you’ll be able to opt out by contacting customer support. If you opt out of expanded coverage, your FDIC coverage will revert to the standard amount of $250,000.
You’ll be able to see exactly where your money is on your monthly statements. Our programs banks are part of a trusted sweep network, which allows your money to be held by multiple banks so your funds are FDIC-insured up to $3 million.
You can still earn 2.0% interest on your Bluevine Business Checking balances up to and including $250,000 if you meet a monthly activity requirement.BVSUP-00005 The only change is that we’ll calculate your qualified interest activity through 3pm ET on the last business day of the month, and any activity beyond that will roll over toward the following month’s qualifications.
More about Bluevine
Business Checking.
Ready to apply?
Submit your application in just a few minutes.BVSUP-00006