Raenest is a Financial Technology (FinTech) Company, not a Bank. Banking services are provided by Regent Bank, Member FDIC. Raenest is not FDIC insured. FDIC deposit insurance up to $250,000 per qualified customer account on a “pass-through” basis, for which certain conditions must be satisfied. FDIC insurance only covers the failure of Regent Bank, Member FDIC. The Raenest Debit Cards are issued by Regent Bank, Members FDIC, pursuant to licenses from MasterCard.