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FDIC Insurance Disclosure

Effective October 1, 2026Last updated October 1, 2026Contact support@drivemilli.com
Milli is not a bank. Milli is not FDIC insured. Funds may be held at FDIC-member partner institutions.

1. Milli Is Not a Bank

Milli is a financial technology company, not a bank, and Milli itself is not insured by the Federal Deposit Insurance Corporation ("FDIC"). FDIC deposit insurance protects depositors only against the failure of an FDIC-insured bank. It does not protect against the failure of Milli or any other non-bank company.

2. Accounts You Connect

When you connect an existing bank account to Milli through Plaid, your funds remain at your bank. Any FDIC insurance coverage on those funds is determined by your bank's status and your deposit relationship with that bank, not by Milli.

3. Milli Tax Vault and Funds Held Through Partners

Milli does not hold customer funds or offer deposit accounts today. If Milli later offers a feature that holds or moves funds, it will be provided through a licensed institution, and the institution's name, any applicable insurance terms, and related disclosures will be provided to you before you enroll. This page will be updated at that time.

4. Products That Are Not Deposits

Any investment, brokerage, or retirement products offered through partners in the future are not FDIC insured, not bank guaranteed, and may lose value. They are not deposits and are not insured by any federal government agency.

5. Learn More

Learn more about FDIC insurance at fdic.gov, or use the FDIC's Electronic Deposit Insurance Estimator. Questions can be sent to support@drivemilli.com.

© 2026 Milli. All rights reserved. Questions about this document can be sent to support@drivemilli.com.

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Milli is not a bank, broker, or licensed financial advisor. Milli is not FDIC insured and does not hold customer funds or offer deposit accounts. For informational purposes only. Milli is a tax preparation platform operated by an IRS-credentialed tax preparer, with IRS preparer credentials and IRS e-file credentials in place. Automatic Annual Tax Filing is available for Elite members; Electronic filing is available through Milli. Tax Vault, quarterly estimates, and Tax Ready Score are automation and calculation tools. Milli AI is not a licensed CPA, attorney, or enrolled agent; AI guidance is informational and not tax advice, and Milli has no financial interest in any product it mentions. Tree of Life, Milli Cents, and retirement and investing tools provide estimates and planning insight, not financial advice. Investing involves risk, including loss of principal. Milli is not a registered investment adviser or broker-dealer. Tax rules vary; consult a licensed professional for personalized advice. See our Financial Disclaimer, FDIC Disclosure, and Conflict of Interest & AI Disclaimer.