No, Común is not a bank. We are a financial technology company (Fintech) that makes it easy and safe to manage your money in the U.S.
To provide you with full banking benefits, we partner with Community Federal Savings Bank (CFSB), a member of the FDIC (Federal Deposit Insurance Corporation).
👉 What this means for you:
Your deposits are FDIC-insured up to $250,000 per ownership category, through CFSB.
If our partner bank (CFSB) were ever to fail, the FDIC protects your money.
With Común, you get the best of both worlds: Fintech innovation + the safety of an FDIC-member bank.