Is Suvi a bank?

Suvi is a next-generation fintech company that has built its own banking core (platform). Our banking core and technology-first approach help us to rapidly innovate and provide more functionality and unique value to our users than other banks, both digital and traditional. Suvi has partnered with Community Federal Savings Bank to provide full-featured banking services by leavering Suvi’s technology-next generation banking core (platform). Suvi accounts are FDIC insured up to the standard FDIC maximum deposit insurance amount of $250,000 for individual accounts and $500,000 for joint accounts.