ORIONBANK operates as a licensed digital financial institution under the Federal Banking Charter (License #ORN-2024-001). Deposits are held with custodial partners regulated by the relevant federal authorities.
Eligible deposits are insured up to $250,000 per depositor by the Orion Deposit Insurance Corporation (ODIC). Coverage applies across Savings, Current and Earn balances aggregated per customer.
In line with Bank Secrecy Act and global FATF recommendations, every customer undergoes identity verification at onboarding. We monitor transactions continuously and report suspicious activity to the appropriate authorities.
We adhere to Regulation E for electronic transfers, Regulation DD for deposit account disclosures, and the Truth in Savings Act. Read full disclosures on our Legal page.