How does it work?
Subject to the terms of the Mercury Deposit Program, Program Banks are Federal Deposit Insurance Corporation, FDIC, insured bank partners of Evolve Bank & Trust that may hold funds as part of the Mercury Deposit Program. Cash deposited to these Program Banks will be covered by FDIC insurance up to a total maximum of $10,000,000 in the aggregate. The end user is able to opt out of available Program Banks however, FDIC insurance may be reduced or forfeited. Funds held at Program Banks may be held at such Program Banks in a non-insured capacity as Excess Banks. Please see the Mercury Deposit Program Custodial Agreement for the terms and conditions and additional information.
![](https://www.getevolved.com/wp-content/uploads/2023/04/money-out-test-3.png)
What is a Program Bank?
Program Banks are FDIC insured bank partners of Evolve that may hold funds as part of the Mercury Deposit Program. Cash deposited to these Program Banks will be covered by FDIC insurance up to a total maximum of $1o,000,000. The end user is able to opt out of available Program Banks however, FDIC insurance may be reduced or forfeited.
What is an Excess Bank?
Funds over $10,000,000 will be had at such Program Banks in a non-insured capacity as Excess Banks.
The following are Evolve’s FDIC-Insured Program Banks as of August 26, 2024. Please note: Evolve may change the network of Program Banks at any time. Notice of material changes to Bank List will be communicated to customers in accordance with the applicable terms.
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- American National Bank NE
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- AvidBank
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- Axos Bank
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- Bank of New England
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- Bankwell Bank
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- Bell Bank
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- Bridgewater Bank
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- Byline Bank
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- Cadence Bank
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- Capital One Bank (USA), N.A.
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- City National Bank
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- City National Bank of Florida
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- CrossFirst Bank
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- Enterprise Bank
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- Evolve Bank & Trust
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- First Bank (NJ)
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- First Bank of the Lake
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- First Foundation Bank
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- First Horizon
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- First Western Trust Bank
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- Flagstar Bank, N.A.
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- Gateway First Bank
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- Hiawatha Bank
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- Huntington Bank
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- IDB Bank
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- Manufacturers and Traders Trust
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- MidWest One Bank
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- NexBank
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- Oakwood Bank
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- Old National Bank
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- Pacific National Bank
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- Preferred Bank
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- Providence bank
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- Quaint Oak Bank
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- ServisFirst Bank
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- State Bank of Texas
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- Texas Bank
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- Third Coast Bank
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- TIAA Bank
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- Tradition Capital
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- TriState Capital Bank
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- UBank
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- United Texas Bank
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- Webster Bank
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- Western Alliance Bank
How do I access my funds?
The Mercury Expanded Deposit Program offers customers convenience to be able to access their money all in one place. Even though, some of your funds have been swept to other banks, you can access everything through Evolve Bank & Trust. No extra logins, no extra emails, or paper statements. Everything you need is with Evolve.
That convenience should make it easier to keep track of your funds and make transactions whenever you need to.
![](https://www.getevolved.com/wp-content/uploads/2023/04/money-out-test-3.png)
If you have questions about Evolve’s FDIC Sweep program, please click the button below to get in touch!