Disclosure for Prepaid Accounts: Your funds will be held at or transferred to Metropolitan Commercial Bank, an FDIC-insured institution. While there, your funds are insured up to $250,000 by the FDIC in the event Metropolitan Commercial Bank fails if specific deposit insurance requirements are met and your card is registered. See fdic.gov/deposit/deposits/prepaid.html for details. FDIC insurance does not protect your funds in the event of Mesh Payments’ failure or from the risk of theft or fraud.
Disclosure for Programs or Features Other Than Prepaid Accounts: Your funds will be held at or transferred to Metropolitan Commercial Bank, an FDIC-insured institution. While there, your funds are insured up to $250,000 by the FDIC in the event Metropolitan Commercial Bank fails if specific deposit insurance requirements are met. FDIC insurance does not protect your funds in the event of Mesh Payments’ failure or from the risk of theft or fraud. Additional information about deposit insurance is available on the FDIC’s website at https://www.fdic.gov/resources/deposit-insurance.
Mobile Apps: The following abridged disclosure may be used in mobile applications in lieu of the foregoing statements and disclosure: Funds in your Mesh Payments account are held at Metropolitan Commercial Bank, Member FDIC.
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