Every.io is a financial technology company, not a bank. Banking services are provided by Thread Bank, Member FDIC and BNY Mellon Pershing, Member SIPC. BNY Mellon has $1.8 trillion assets under management.
Access up to $5.25 million of FDIC Insurance
Deposits in BNY Mellon Cash Sweep Account are insured up to $5 million. Deposits in your Thread bank account are insured up to $250k.
U.S. Treasuries are issued by the U.S. Department of Treasury. Treasury securities are considered one of the safest investments because they are backed by the full faith and credit of the U.S. Government.
Insured deposits are provided through Dreyfus Insured Deposits (a product offered through a private labeling arrangement with the Dreyfus Cash Solutions division of BNY Mellon Securities Corporation), and Reich & Tang Deposit Solutions, LLC. Dreyfus and R&T both offer up to $2.5M in FDIC coverage through their networks of program banks. Each insured program bank provides coverage on balances up to the current standard maximum deposit insurance amount of $250,000 per eligible depositor, including any balances held at that bank directly or through other intermediaries. Because Dreyfus and R&T may on occasion use the same program banks, total eligible FDIC coverage per client may be less than $5 million. *Advisory services are offered through Atomic Invest LLC (“Atomic Invest”), an SEC-registered investment advisor, member SIPC. Atomic Invest was previously known as Helium Advisors LLC. Brokerage services are provided by BNY Mellon Pershing, member SIPC, through a clearing and custody relationship with Atomic Invest. Atomic Invest manages and executes investments on behalf of customers.