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Closure of Silicon Valley Bank (SVB) has no impact on Vested customers’ funds
As you may be aware, Silicon Valley Bank (SVB) was closed on Friday, March 10, 2023, by the California Department of Financial Protection and Innovation due to liquidity issues.
We want to inform you that your funds are not impacted and are safe. Deposits to your Vested Invest account have no exposure to SVB – they are received by JP Morgan and are held in custody at Customer Bank. Furthermore, your account continues to be insured for up to $500k by SIPC and up to $250K by FDIC.
If you have further questions, please do not hesitate to email us at help@vestedinance.co.
