Who owns Albert?
short answerAlbert is not itself a bank. It runs on a partner-bank (BaaS) model and works with Coastal Community Bank — the licensed bank that actually holds customer deposits behind the app. Albert's most notable disclosed backers include CapitalG, General Atlantic and QED Investors.
Is Albert a licensed bank?
No — a partner bank (Coastal Community Bank) holds the money. License detail: Partner banks (Sutton Bank, Stride Bank; savings via Coastal Community Bank, Wells Fargo).
Where is your money held?
Custody model: Custodial.
Albert runs on: Coastal Community Bank (BIN sponsor bank). Full stack on the infra map.
Early investors
Is my money safe with Albert?
Your money is held by Coastal Community Bank, so any deposit insurance flows through that sponsor bank — not Albert itself. Check the sponsor's scheme and whether balances are "passed through" for per-customer insurance.
go deeperSee the full Albert profile with every verified field, or Albert alternatives. Raw fields: data.json.
Figures compiled from public sources, for comparison only — not financial advice. "Up to" rates change constantly; always confirm with the issuer. Spotted an error? Suggest a fix.