How secure is HCP Money?
Your HCP Money account is protected through two-factor authentication (2FA), email verification, and card controls and is eligible for FDIC insurance up to $250,000.
To stay in control of your employees’ cards, you can deactivate your cards directly from My Money to protect your money at all times. Additionally, you can limit how much money is allowed to be spent by each employee and receive notifications whenever a card is used.
Your funds are insurance-eligible up to $250,000. Being insurance eligible means that the funds are covered by the Stripe Treasury bank partner where the funds are held—Evolve Bank & Trust, Member FDIC.