In the unlikely event that Ametros goes out of business, your CareGuard account remains secure because it is established for your benefit in a custodial account at Ametros’ parent company Webster Bank, N.A. and is designed to qualify for FDIC pass-through insurance.
FDIC insurance protects against the loss of deposits due if an FDIC-insured bank fails. Ametros itself is not an FDIC-insured institution. Only the funds deposited within Webster Bank, N.A. are eligible for FDIC insurance. Eligibility for pass-through deposit insurance coverage up to applicable limits is subject to fulfilling specific conditions.
For more specific details about CareGuard accounts and their structure, feel free to reach out to Ametros directly or consult with a financial advisor for personalized guidance.
