Accountable (Hostfi Inc.) is a financial technology company, not a bank or a money transmitter. Accountable partners with Stripe Payments Company for money transmission services and account services with funds held at Fifth Third Bank N.A., Member FDIC. Accountable Visa® Commercial cards are powered by Stripe and issued by Celtic Bank. Stripe Issuing balances are provided in the US by Stripe Payments Company, licensed money transmitter, with funds held at Stripe bank partners, Members FDIC.
USD balances in Accountable financial accounts can be eligible for FDIC pass-through deposit insurance if they meet certain requirements. The accounts are eligible only to the extent permitted by the rules and regulations of the FDIC, and if the requirements for pass-through insurance are satisfied. The FDIC insurance applies up to 250,000 USD per depositor, per financial institution, for deposits held in the same ownership category. Neither Accountable (Hostfi Inc.) nor Stripe is an FDIC-insured institution, and the FDIC's deposit insurance coverage only protects against the failure of an FDIC-insured depository institution.
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