Slash, the one-stop digital banking platform specifically designed for small and medium businesses, is announcing that it enabled access to expanded FDIC insurance coverage of up to $200 million for customers with deposit accounts at their partner bank Column N.A., Member FDIC.*
How enhanced FDIC coverage works
Our partner bank Column N.A., Member FDIC partners with IntraFi Cash Service (ICS) of IntraFi Network LLC — a sweep deposit network — to spread your deposits across their network of 800 banks (list here).
Even though your deposits may be spread across a network of up to 800 banks, the Slash dashboard experience remains the same and you can enjoy daily liquidity.
Existing Slash customers must agree to Column’s Sweep Agreement to unlock enhanced FDIC insurance.
About Slash
Slash provides a one-stop digital banking platform specifically designed for small and medium sized businesses. Since launching in 2021, Slash’s innovative and intuitive products, including business checking, virtual cards, and accounts payable, have helped over 20,000 business owners save time and money so they can focus on what matters most: growing their business.
Slash is backed by leading private and institutional investors, including Stanford University, New Enterprise Associates, Menlo Ventures, Y Combinator, Connect Ventures, Soma Capital, and the founders of Tinder and Plaid. Slash is a financial technology company, not a bank.
Slash Platinum deposit accounts and banking services are provided by Column N.A.
* Terms and conditions apply. Please refer to your agreements with Column for more details.