Thread Bank

Thread Bank is a licensed US bank that offers direct banking and infrastructure for embedded payment and banking products. According to its published materials, it serves fintech companies as well as businesses and enterprises.

Services

The listed services are embedded banking, payment infrastructure and business accounts. Payments run over ACH. The bank publishes an API and developer resource for technical teams that want to connect their products to its infrastructure.

Deposit protection

The bank's website states membership in the FDIC scheme. Coverage applies only to eligible bank deposits, so it does not extend to every product, to investments, or to the risks of a non-bank intermediary that sits between a fintech and the bank.

Fintech programmes

Terms for fintech partner programmes are handled separately from a standard account opening. A fintech planning to launch on Thread Bank should therefore expect a distinct onboarding process, and it makes sense to ask the bank about programme requirements, supported use cases, limits and timelines before planning a launch. The published target segments are descriptive and are not a guarantee of eligibility for any specific business.