Yes, funds in your Account(s) are insured by the FDIC (Federal Deposit Insurance Corporation) through our partner bank, The Bank of Missouri, up to the legal limit of $250,000.
To receive money, both parties must be U.S. residents and have enrolled in the Monkey Money App. Family and friend’s who do not have the app can download and install Monkey Money App from Google Play or the Apple Store, and sign up for a Wallet ...