The account is offered through The Bank of Missouri. What does that mean?

The account is offered through The Bank of Missouri. What does that mean?

We are a Fintech (or financial technology) company. This means we don’t have a bank charter, but instead, partner with The Bank of Missouri, Member FDIC. This allows us to provide you with banking products and services, and to insure your deposits with us up to the legal limit of  $250,000.