Bank & Partner Agreements

© 2024 Teampay Corporation. Teampay is a financial services platform, not a bank. Banking services are provided by Teampay's bank partners. The Teampay Card is issued by Sutton Bank pursuant to a license from Visa USA Inc. The Teampay Card is also issued by Choice Bank, which is a division of Choice Financial Group, Member FDIC, pursuant to licenses from Mastercard.

FDIC insurance is available on customer funds through pass-through insurance at Choice Financial Group, Member FDIC where we have a direct relationship for the placement of deposits and into which consumer funds are deposited. Pass-through insurance is only available if certain conditions have been met, and there may be a risk that pass-through deposit insurance is not available because conditions have not been satisfied. In such cases, funds may not be fully insured in the event the insured depository institution where the funds have been deposited were to fail.

For clients based in the United States, payment services for Teampay Corporation are provided by The Currency Cloud Inc. which operates in partnership with Community Federal Savings Bank (CFSB) to facilitate payments in all 50 states in the US. CFSB is registered with the Federal Deposit Insurance Corporation (FDIC Certificate #57129). The Currency Cloud Inc is registered with FinCEN and authorized in 39 states to transmit money (MSB Registration Number: 31000206794359). Registered Office: 104 5th Avenue, 20th Floor, New York , NY 10011. Please find a link to Currencycloud’s terms of use here.