Article Summary
This article explains how FDIC insurance applies to your cash on River, including coverage limits per ownership category.
Your cash on River, reserved at our partner bank, Lead Bank, is eligible for FDIC insurance up to $250,000 per depositor, per ownership category. Ownership categories describe how deposits are legally owned, such as by one person or by a business. For example, you could have $250K cash insured in an individual account and another $250K cash insured in a business account for an LLC or corporation. To learn more about business accounts, you can read this Help Center article. If you only have an individual account, your cash is insured up to $250K.
A sole proprietorship's cash counts toward the owner's individual $250K limit. The limit also includes any other deposits you have at Lead Bank in the same ownership category.
Please note that bitcoin held on River is not FDIC insured.