PROFIT by Paymentus is an All-in-One financial technology platform for small businesses. Bank accounts are FDIC insured up to $250K and are provided by PROFIT by Paymentus' partner bank Evolve Bank & Trust, member FDIC, founded in 1925. PROFIT by Paymentus is a division of Paymentus. PROFIT by Paymentus is not a bank.
Bank accounts are held by Evolve Bank & Trust, which is a federal savings bank and an FDIC-insured depository institution. Deposits made at Evolve Bank & Trust through the PROFIT platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note that all deposits you make through the PROFIT platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Evolve Bank & Trust.