Deposits held at Sutton Bank, Member FDIC
Sutton is our partner bank that we utilize to provide you with a safe and secure place to hold your funds.
Charlie provides you with financial services like early payment and fraud protection, while Sutton Bank holds customer deposits, something it has been doing since 1878. As an FDIC-Insured Bank, Sutton Bank is backed by the full faith and credit of the U.S. Government.
Social Security payments of Charlie customers are held at Sutton Bank. As a result, if you call the Social Security Administration or look in your SSA dashboard, it will state that your money is being deposited to Sutton Bank.
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*Charlie is a financial services company, not a bank. Banking services provided by Sutton Bank, Member FDIC. Charlie accounts are eligible for pass-through FDIC insurance up to $250,000 per ownership category, should Sutton Bank fail. Certain conditions must be satisfied for pass-through deposit insurance coverage to apply.