# FDIC Insurance Covers the Bank Behind Your Money App, Not the App

- Source: Money Crashers
- Published: 2026-10-17T14:30:00+00:00
- Category: Markets
- Original: https://www.moneycrashers.com/money-app-fdic-insurance/
- Canonical: https://groundlevelnews.com/story/fdic-insurance-covers-the-bank-behind-your-money-app-not-the-app-0b000d/

Users of apps built on Synapse learned why in 2024. Synapse connected money apps to their partner banks, and after it filed for bankruptcy that April, customers lost access to their money for weeks, some for months. The banks later... Source

_Ground Level News shows a short summary only; the full article and all rights belong to Money Crashers._