Every Slash account is now protected by Enhanced FDIC Insurance* — giving you hundreds of millions of dollars in FDIC insurance coverage. There’s no action, new account, or additional steps required. Just more protection, fully integrated into your existing Slash account.
Let’s talk about the limits of traditional FDIC coverage, how Slash is extending your coverage, and why it matters.
The Limits of Traditional Coverage
FDIC insurance protects up to $250,000 per depositor, per institution. That’s enough for individuals and early-stage businesses. But it quickly becomes limiting once your company starts scaling. Let’s say your business holds $10m, $1m, or even $500k. Under the standard model, anything above the first $250K is uninsured. That means your company’s capital is exposed. For most businesses, the only way to reduce that exposure is to open accounts at multiple banks and manually distribute funds across them.
That workaround comes with real tradeoffs:
- It slows down your operations
- It adds complexity to reconciliation
- It’s easy to make mistakes — especially when balances fluctuate
- It pulls your team’s focus away from growth
The reality is, protecting your money shouldn’t require a spreadsheet and a strategy. That’s what Slash is solving.
How Slash Extends Your Coverage
Every Slash account has now been upgraded with Enhanced FDIC Insurance, giving you coverage that scales into the hundreds of millions with no change to your existing account setup. Here’s how it works:
Our partner bank, Column N.A., works with a network of FDIC-insured banks through the IntraFi sweep program to programmatically distribute your funds across multiple institutions. This extends your coverage beyond the $250k limit — while keeping your user experience exactly the same.
There are:
- No new logins
- No separate portals
- No additional transfers required
Your funds stay in your Slash account and remain fully accessible at all times.
Whether you’re holding $25k or $25m, your money is protected — and your workflows don’t change.
This is institutional-grade safety, abstracted into a single, intuitive account. No toggles. No friction. Just deeper coverage, automatically enabled for every Slash user.
Why It Matters
If you’re running a high-growth startup, an e-commerce brand, or a capital-intensive operation, you need to know your funds are safe at scale. That confidence should be baked into your default setup, not something you have to bolt on later. With Enhanced FDIC Insurance:
- Your money stays where it belongs — in one place, visible and ready
- Your coverage scales automatically with your balance
- Your operations stay clean and centralized
This protection is now live.
Built for Trust. Designed to Scale.
Slash is building the financial infrastructure for the next generation of operators. That includes speed, flexibility, and financial tools that just work — but also safety, rigor, and regulatory resilience.
Enhanced FDIC Insurance is a major step forward — another layer of protection built into the core of how your account works.
Because your capital shouldn’t just move fast. It should be protected at the highest standard.
*Slash Financial, Inc. is a financial technology company and not an FDIC-insured depository institution. Deposits in Slash Platinum deposit accounts are FDIC-insured through Column N.A., Member FDIC and Column’s Sweep Program Network Banks https://column.com/legal/sweep-program-network-banks. Certain conditions must be satisfied for pass-through FDIC insurance to apply. Deposit insurance applies per insured depository institution, per depositor in each insurable capacity in which the deposits are held. FDIC deposit insurance covers the failure of an insured depository institution.
Frequently Asked Questions
What is the standard FDIC insurance limit?
The standard FDIC insurance limit is $250,000 per depositor, per insured bank. This means any deposits above $250,000 at a single institution are uninsured. For businesses holding larger balances, this traditionally meant opening and managing multiple bank accounts to stay within the limit at each bank.
How does Slash provide enhanced FDIC insurance?
Slash accounts are connected to a sweep network through the partner bank, Column N.A., Member FDIC. This sweep program automatically distributes your deposits across a network of FDIC-insured banks, with each bank insuring a portion of your balance up to the $250,000 limit. This enables coverage scaling into the hundreds of millions without requiring you to manage multiple accounts.
Do I need to do anything to activate enhanced FDIC coverage?
No. Enhanced FDIC insurance is built into every Slash account automatically. There are no new logins, separate portals, or additional transfers required. Your funds stay in your Slash account and remain fully accessible at all times while the sweep network handles deposit distribution in the background.
Can I still access my funds immediately with enhanced FDIC coverage?
Yes. Even though your deposits are distributed across multiple banks in the sweep network, you retain full access to your entire balance. You bank through a single Slash dashboard and can transact as usual with no delays or limitations. The distribution happens automatically in the background without affecting your day-to-day operations.
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