Protected Deposits

$150M of FDIC insurance protection for your customers

Nine digits of protection from banks like us, and other top FDIC insured institutions. Eliminate your exposure to a single bank and offer your customers unparalleled peace of mind.

Traditional banks


Traditional Sweep Network




Safety in numbers

Funds are distributed across various financial institutions nationwide, with up to $250,000 allocated to each account. Funds will have no exposure to a single bank, industry, or macro event — and will have full FDIC insurance coverage across the totality of deposits.

24/7 access
and fully liquid

Guaranteed next day liquidity on 100% of your funds with up to $5 million immediately available.

Frequently asked questions

    What are Protected Deposits?

    Column provides its customers with the ability to increase their FDIC insurance through a trusted network of FDIC insured financial institutions.

    How does it work?

    The standard maximum FDIC (Federal Deposit Insurance Corporation) insurance coverage amount for deposits is $250,000, per depositor, per insured financial institution, for each ownership category.

    By working directly with Column, Column can provide you with access to more than $250,000 in FDIC insurance coverage by placing deposits at a large network of FDIC-insured financial institutions. For depositors with large sums of money, this is an avenue to maximize your FDIC insurance coverage. Deposits are placed in amounts at or below $250,000, expanding your FDIC insurance coverage across financial institutions. Through this service, Column can provide you with up to $150 million in FDIC insurance coverage.

    What happens to your deposits?

    When you submit funds for placement through Column, that deposit is divided into amounts under the standard FDIC insurance maximum of $250,000 and placed in deposit accounts at other network banks—each an FDIC-insured institution. This makes your deposit eligible for FDIC insurance at each institution, provided you don’t already hold deposits at that institution (more on that below).

    Who has custody of my funds?

    Funds placed through this banking network are deposited only in FDIC-insured institutions. Column N.A. acts as custodian for your deposits placed, and the subcustodian for the deposits is the Bank of New York Mellon (BNY Mellon), the largest custodian in the world with $43 trillion in assets under custody and/or administration and $1.92 trillion in assets under management (as of June 30, 2022).

    Even though Column has custody, this is still your money and you retain access and visibility into your money.

    Who provides the additional FDIC insurance when my funds are placed using the banking network?

    Funds are placed in deposit accounts in eligible financial institutions that are network members. Each member provides $250,000 of FDIC insurance, provided you don't already hold deposits at that institution.

    What to avoid?

    When setting up your access, make sure that you identify any financial institutions where you already hold deposits so additional deposits are not placed at those institutions. Each institution can only provide $250,000 of FDIC insurance per depositor per ownership category. By providing this information to us, we will make sure we do not place deposits at institutions where you already have coverage. This will maximize your ability to access FDIC insurance coverage.