Payment services, including ACH and wire transfers, are provided through Erebor Bank, N.A. Transfers are subject to processing times, transaction limits, and fees as disclosed at the time of transaction. Internet Backyard Inc. is not a bank and does not directly process payments. Funds in transit are not FDIC-insured until they are deposited into an FDIC-insured account at a receiving institution.
Internet Backyard Inc. is a financial technology company, not an FDIC-insured bank. Banking services, including deposit accounts, are provided by Erebor Bank, N.A., Member FDIC. FDIC deposit insurance covers the failure of an FDIC-insured bank and does not protect against the failure or insolvency of Internet Backyard Inc. or any non-bank entity. Funds held in deposit accounts through the Erebor Bank platform may be eligible for FDIC insurance up to $250,000 per depositor, per insured bank, per ownership category, subject to satisfaction of conditions for pass-through deposit insurance. For complete terms and a list of participating network banks, see
