Your Spending Account and your Savings Account are deposit accounts issued by MetaBank, N.A., Member FDIC.*
Your Spending Account is a transaction deposit account that allows you to send and receive money by automated clearinghouse (ACH), conduct one-time and recurring payments using a Debit Mastercard®, and pay bills by requesting a check be sent to your payees.
Your Savings Account is here to help you put money aside. This account can only transfer to and receive from your Spending Account.
If you do not have enough have funds in your Spending Account to pay for withdrawals and debit card purchases (one-time or recurring), your transaction will be declined. We will never transfer funds from your Savings Account to your Spending Account to complete a transaction.
*Funds are FDIC insured, subject to applicable limitations and restrictions, when we receive the funds deposited to your account.
Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International.