Banco Popular North America is a Member FDIC institution and a New York state chartered bank. Processing services for all Popular Direct deposit products are provided by Banco Popular North America. All deposits with Banco Popular North America (including deposits through Popular Direct deposit products) are insured by the FDIC up to the applicable maximum amount allowed by law for each deposit ownership category. All balances for Popular Direct and Banco Popular North America deposits would be combined for purposes of determining FDIC coverage eligibility. For more information about FDIC Insurance coverage of deposit accounts, visit https://www.fdic.gov/deposit/deposits.