How Your Funds Are Held
Last Updated: 7/14/2026 | Version 1.0
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, 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 Fresno First Bank, Member FDIC, 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. FDIC Insurance
Fresno First Bank is a member of the Federal Deposit Insurance Corporation (FDIC). FDIC deposit insurance protects deposits against the failure of an FDIC-insured bank, subject to FDIC rules, conditions, and per-depositor limits. Please note the following:
- Kashu is not a bank, and the Kashu Wallet is not itself FDIC-insured. Any FDIC deposit insurance applies at the level of the insured bank, not to Kashu.
- Whether "pass-through" deposit insurance is available for funds held through the custodial accounts depends on satisfaction of applicable FDIC requirements, including recordkeeping and account-titling conditions. Kashu does not guarantee that pass-through coverage applies to your funds.
- FDIC insurance protects only against the failure of the insured bank. 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 bank, including losses due to fraud, unauthorized transactions, or your own actions.
- FDIC coverage is subject to per-depositor limits and is aggregated with any other deposits you may hold at the same insured bank 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: legal@kashupay.com