1. FAQ
  2. About PROFIT

What is PROFIT?

PROFIT Financial, Inc ("PROFIT") is a financial technology platform, not a bank, that acts as a service provider to Evolve Bank & Trust, member FDIC.  The deposits and banking products obtained through the PROFIT platform are provided by Evolve Bank & Trust, member FDIC.  Evolve Bank & Trust was founded in 1925. 

Evolve Bank & Trust is a federal savings bank and an FDIC-insured depository institution. Deposits made at Evolve Bank & Trust through the PROFIT platform receive FDIC insurance protection on a pass-through basis up to the applicable legal limit. When determining the amount of your deposits covered by FDIC insurance, please note that all deposits you make through the PROFIT platform will be aggregated with all deposit accounts of the same ownership and/or vesting held at Evolve Bank & Trust.