Vera is a financial technology company, not a bank. Vera is not FDIC-insured. Funds may be held for your benefit by First Federal Bank of Kansas City, Member FDIC.
Funds in custodial accounts may be eligible for FDIC insurance coverage on a pass-through basis, subject to certain regulatory requirements and conditions being met (for example, proper recordkeeping and ownership identification). FDIC insurance only protects against the failure of an FDIC-insured bank; it does not protect against losses due to fraud, theft, market events, or Vera’s operations.
FDIC insurance coverage is subject to the standard insurance limits — currently up to $250,000 per depositor, per insured bank, for each account ownership category. Your total coverage depends on your relationship with the bank and the aggregate balances you hold there, including through other accounts you may maintain directly with the same bank.
Vera™ is a Verde™ service. © 2026 by Verde Inc. All rights reserved. Vera never sells or shares your data.
Vera is a digital money companion and trusted guide. Vera provides general financial education and tools to support decision-making. The App does not provide investment, legal, tax, or financial advice, and no information within the App should be interpreted as such. You should consult with a qualified professional before making financial decisions. We use bank-grade AES-256 encryption to secure sensitive data both at rest and in transit.
