Empower is a financial technology company, not a bank. Banking services are provided by nbkc
bank. Any balances you hold with nbkc bank, including but not limited to those balances held in
Empower accounts are added together and are insured up to $250,000 per depositor through nbkc
bank, Member FDIC. nbkc bank utilizes a deposit network service, which means that at any
given time, all, none, or a portion of the funds in your Empower accounts may be placed into and
held beneficially in your name at other depository institutions which are insured by the Federal
Deposit Insurance Corporation (FDIC).
For a complete list of other depository institutions where
funds may be placed, please visit https://www.cambr.com/bank-list. Balances moved to network
banks are eligible for FDIC insurance once the funds arrive at a network bank. To learn more
about pass-through deposit insurance applicable to your account, please see the Account
Additional information on FDIC insurance can be found
Here are some details that you might be looking for.