Program Banks

When you open and fund a Wealthfront Cash Account, you are able to participate in Wealthfront’s Cash Sweep Program. The Cash Sweep Program offers you the opportunity to have your cash balances transferred, or “swept,” from your Cash Account to interest-bearing deposit accounts held at one or more depository institutions listed below (“Program Banks”). This opportunity allows you to earn interest on your short-term cash while it awaits investment.

Once your funds arrive at the Program Banks, they are eligible for FDIC insurance up to the applicable limits provided certain conditions have been satisfied. It is your responsibility to monitor your total deposits at each Program Bank, including any deposits held outside Wealthfront’s Cash Sweep Program, to ensure they do not exceed applicable FDIC insurance limits. If you choose to opt out of one or more Program Banks, the total amount of FDIC insurance coverage available for your funds as part of Wealthfront’s Cash Sweep Program may be reduced.

Program Banks as of 07/07/2025 are:

  • Goldman Sachs Bank USA
  • HSBC Bank USA, NA
  • Morgan Stanley Bank, N.A.
  • Morgan Stanley Private Bank, National Association
  • Wells Fargo Bank NA
  • TD Bank USA, National Association
  • TD Bank, National Association
  • Citibank N.A.
  • US Bank N.A.
  • Truist Bank
  • State Street Bank and Trust Company
  • Manufacturers and Traders Trust Company
  • Bank of Baroda
  • East West Bank
  • Centennial Bank
  • Israel Discount Bank
  • Umpqua Bank
  • UMB Bank, National Association
  • Barrington Bank & Trust Co., N.A.
  • Beverly Bank & Trust Co., N.A.
  • Crystal Lake Bank & Trust
  • Hinsdale Bank & Trust Co., N.A.
  • Lake Forest Bank & Trust Co., N.A.
  • Libertyville Bank & Trust Co., N.A.
  • Northbrook Bank & Trust Co., N.A.
  • Old Plank Trail CMNY Bank & Trust Co., N.A.
  • Schaumburg Bank & Trust Co., N.A.
  • St. Charles Bank & Trust Co., N.A.
  • State Bank of the Lakes, N.A
  • Town Bank, N.A.
  • Village Bank & Trust Co., N.A.
  • Wheaton Bank & Trust Co., N.A.
  • Wintrust Bank
  • Cathay Bank
  • BankUnited, N.A.
  • AXOS Bank
  • Green Dot Bank
  • City Bank
  • ConnectOne Bank
  • Customers Bank
  • Busey Bank
  • Peapack-Gladstone Bank
  • Midland States Bank
  • Metropolitan Commercial Bank
  • Farmers and Merchants Bank
  • Pinnacle Bank
  • Cross River Bank

If you have any questions about Program Banks, please contact us.

*Planned addition to Program Banks. **Planned removal from Program Banks.