The balance in your MAJORITY account is insured by the FDIC. MAJORITY's banking partner, Axiom Bank, N.A, is insured by the FDIC up to $250,000.
The Federal Deposit Insurance Corporation (FDIC) is an independent agency established by the US government to insure bank deposits and guarantee customers their money is safe. This is why the balance in your MAJORITY account is backed and protected by the US government.
