What Kind of Bank Accounts are Provided Through FinClusive's Gateway Service?

Written By Will Squires (Administrator)

Updated at October 13th, 2022

FinClusive, with its Compliance Gateway System, provides a plug-in to its Bank of Record (BoR) partners, who in turn open FBO (for benefit of) accounts for domestic and foreign customers. These accounts with our partners can be configured to include virtual, client-level sub accounts under the BoR FBO master account. FBO accounts held at our Bank of Record partner Live Oak Bank may be Federal Deposit Insurance Corporation (FDIC) insured (Any insurance if applicable is provided by our partners).