BANKING PARTNER
Who holds your money
Your Criterion wallet is held with Cross River Bank, an FDIC-insured institution. Criterion provides the app experience; Cross River Bank provides the regulated banking services behind your account.
SPONSOR BANK · MEMBER FDIC
Member deposits are held at Cross River Bank, an FDIC-insured institution and a leading bank in the U.S. fintech sector. Cross River connects directly to modern payment networks, including RTP and FedNow.
How the partnership works
Criterion is a financial technology company, not a bank. We design the wallet, onboarding, and tools you use in the app. Cross River Bank holds member deposits and provides banking services for the Criterion program.
What FDIC insurance means
Cross River Bank is a Member FDIC institution. Eligible deposits are insured up to the applicable legal limit, subject to FDIC rules and account eligibility. Criterion itself is not an FDIC-insured bank.
Your account, clearly separated
Criterion provides the technology and member experience. Cross River Bank is the regulated institution responsible for holding eligible deposits and providing the banking services identified on this page.
BANKING DISCLOSURE
Criterion is a financial technology company, not a bank. Banking services are provided by Cross River Bank, Member FDIC.
