How Your Funds Are Held
Last Updated: 8/20/2026 | Version 1.1
This Funds Custody Disclosure explains how funds associated with the Kashu Wallet are held. Please read it carefully. It applies to the Kashu Wallet only.
1. Kashu Is Not a Bank
Kashu, Inc. ("Kashu") is a technology company, not a bank. The Kashu Wallet is a software interface; it is not a bank account, a deposit account, a share account, or a stored-value account, and Kashu does not hold, store, or transmit your funds.
2. Who Holds Your Funds
Money-movement and custody services for the Kashu Wallet are provided by Monarch Technologies, Inc., a licensed Money Services Business (MSB Registration: 31000186536125; NMLS ID: 1908316). Funds are held in custodial "for benefit of" (FBO) accounts established by Monarch at KeyPoint Credit Union, a federally insured credit union, for the benefit of users.
3. Kashu Has No Interest in Your Funds
Kashu has no legal or beneficial interest in your funds at any time. When you initiate a transfer, Kashu transmits your instruction to Monarch, which executes the movement of funds. Kashu does not itself hold or move funds.
4. Share Insurance
KeyPoint Credit Union is a federally insured credit union. Federal share insurance is administered by the National Credit Union Administration ("NCUA") through the National Credit Union Share Insurance Fund. It is not FDIC deposit insurance. Share insurance protects share accounts against the failure of a federally insured credit union, subject to NCUA rules, conditions, and per-member limits. Please note the following:
- Kashu is not a bank or a credit union, and the Kashu Wallet is not itself federally insured. Any share insurance applies at the level of the insured credit union, not to Kashu.
- Whether "pass-through" share insurance is available for funds held through the custodial accounts depends on satisfaction of applicable NCUA requirements, including recordkeeping, account-titling, and membership-eligibility conditions. Kashu does not guarantee that pass-through coverage applies to your funds.
- Share insurance protects only against the failure of the insured credit union. It does not protect against the failure or insolvency of Kashu or Monarch, or against any loss that is not caused by the failure of the insured credit union, including losses due to fraud, unauthorized transactions, or your own actions.
- Share insurance is subject to per-member limits and is aggregated with any other funds you may hold at the same insured credit union in the same ownership capacity.
5. No Interest
Funds held in connection with the Kashu Wallet do not earn interest unless expressly stated in a separate written agreement.
6. More Information
For the agreement that governs the Kashu Wallet, see the Kashu Wallet Terms of Service.
7. Contact Information
For questions or legal notices, you may contact us as follows:
Kashu, Inc.
Attn: Legal Department
1603 Capitol Ave, Ste 415 #674380
Cheyenne, WY 82001
Email: help@kashupay.com