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 04/22/2025 are:

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

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

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