What happens to my account if Stash goes out of business?
Stash has every intention of sticking around for the long term. However, if anything were to happen to Stash that required us to close up shop, you would maintain complete control of your brokerage account. All the investments in your Stash portfolio (from American Innovators to Young Money) are owned by you. Your money will be safe. Your account will not face any penalties if anything happens to us.
Stash Invest and Stash Retire accounts are custodied by Apex Clearing Corporation where they are SIPC-protected (up to $500,000 per account type and $250,000 of that can be in cash) against losses resulting from the failure of a broker-dealer. It’s important to know that $500,000 is the standard amount that SIPC offers for investment companies. Important note: Investments are not FDIC insured, not bank guaranteed, and may lose value.
Q. What is the FDIC Sweep Program?
Stash accounts are enrolled in an interest-bearing Federal Deposit Insurance Corporation (FDIC) insured Sweep Program (“Sweep Program”) offered through our custody and clearing partner, Apex Clearing Corporation. Uninvested money in your Stash account (AKA your Available Cash Balance) is automatically transferred to the Sweep Program. It will earn interest based on the amount and duration…
Q. Is my money safe?
Encryption When you use Stash, your information is encrypted and stored on secure servers. Custodial holding Your funds and securities are held by our custody and clearing partner, Apex Clearing Corporation. At Apex, your investments are protected up to a maximum of $500,000 total, including $250,000 in cash balances through the Securities Investor Protection Corporation…
Q. How can I link a different bank account?
Before you can link a new bank account, our customer support team will need to unlink your bank account that is currently on file as a security measure. To request to link a new bank account, send a message to [email protected] when you are ready to change banks. We may ask you for supporting documentation…
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