Deposit programs

Flexible, FDIC insured deposit accounts

Full support for customizable Demand Deposit Account (DDA) and Cash Management Account (CMA) programs. Leverage for-benefit-of (FBO) and custodial account structures with access to FDIC insured cash sweep networks.

Direct access to bank payment rails

Use account structures, including FBO and direct deposit, to streamline your operations and ensure full control over your customers’ funds. Build your own compliant deposit products working closely with the Coastal compliance team and monitoring systems.

Deposit program benefits

Virtual account numbers

Generate multiple virtual account numbers linked to a single account, each with customized permissions and limits. Streamline the process of tracking and reconciling both payments and deposits.

FBO accounts

Manage customer funds in dedicated, segregated accounts for enhanced security and strong regulatory compliance, with bank-enabled access to key payment rails.

FDIC insured accounts

Deposit accounts are FDIC insured up to $250,000 per depositor. Higher FDIC limits achieved through cash sweep network participation with leading providers and partner banks.