Spencer Tierney

Yeah. So the middle of the page is a little unique for this institution. But yes, the bottom of this website, Sarah, that is where you usually go as your typical starting location for where the fine print will almost certainly list a bank name and FDIC information. It is confusing because UFB Direct is not the name of the bank that's the member FDIC. So do you think it's a bank?

I'm a solid maybe. So let's see. It says for more information, read our FDIC notice. Good idea. Clicking that.

I'm a solid maybe. So let's see. It says for more information, read our FDIC notice. Good idea. Clicking that.

I'm a solid maybe. So let's see. It says for more information, read our FDIC notice. Good idea. Clicking that.

And here we are, another website. We are at Axos Bank, which we've heard mentioned a few times. It says, Axos Bank is backed by the Federal Deposit Insurance Corporation, which guarantees the safety of deposits in member banks, yada, yada, yada. Currently, the banking brands operated by Axos Bank include UFB Direct. So I think that UFB is a bank. You'd be correct, Sean.

And here we are, another website. We are at Axos Bank, which we've heard mentioned a few times. It says, Axos Bank is backed by the Federal Deposit Insurance Corporation, which guarantees the safety of deposits in member banks, yada, yada, yada. Currently, the banking brands operated by Axos Bank include UFB Direct. So I think that UFB is a bank. You'd be correct, Sean.

And here we are, another website. We are at Axos Bank, which we've heard mentioned a few times. It says, Axos Bank is backed by the Federal Deposit Insurance Corporation, which guarantees the safety of deposits in member banks, yada, yada, yada. Currently, the banking brands operated by Axos Bank include UFB Direct. So I think that UFB is a bank. You'd be correct, Sean.

Banks can have multiple brands or divisions, and they all have FDIC insurance. Another place that can be useful to check for is an About Us page. In UFB Direct's case, there's a small link to About Us on the bottom of the homepage. When you click on that, you'll go to a page that says UFB Direct, a division of Axios Bank.

Banks can have multiple brands or divisions, and they all have FDIC insurance. Another place that can be useful to check for is an About Us page. In UFB Direct's case, there's a small link to About Us on the bottom of the homepage. When you click on that, you'll go to a page that says UFB Direct, a division of Axios Bank.

Banks can have multiple brands or divisions, and they all have FDIC insurance. Another place that can be useful to check for is an About Us page. In UFB Direct's case, there's a small link to About Us on the bottom of the homepage. When you click on that, you'll go to a page that says UFB Direct, a division of Axios Bank.

I'm going to be honest with you, Spencer. I was not 100% confident in my answer there, as you could maybe tell. So how else can people vet if an institution they want to put their money into is actually FDIC insured or not?

I'm going to be honest with you, Spencer. I was not 100% confident in my answer there, as you could maybe tell. So how else can people vet if an institution they want to put their money into is actually FDIC insured or not?

I'm going to be honest with you, Spencer. I was not 100% confident in my answer there, as you could maybe tell. So how else can people vet if an institution they want to put their money into is actually FDIC insured or not?

If you have anxiety about this type of stuff like me and don't want to trust the institution's website alone, check out the FDIC.gov's data tool called BankFind. This online directory can help you find FDIC-insured institutions, but I will be the first to admit it's not the easiest tool to use. You won't find banks like UFB Direct because only parent banks are listed, not divisions.

If you have anxiety about this type of stuff like me and don't want to trust the institution's website alone, check out the FDIC.gov's data tool called BankFind. This online directory can help you find FDIC-insured institutions, but I will be the first to admit it's not the easiest tool to use. You won't find banks like UFB Direct because only parent banks are listed, not divisions.

If you have anxiety about this type of stuff like me and don't want to trust the institution's website alone, check out the FDIC.gov's data tool called BankFind. This online directory can help you find FDIC-insured institutions, but I will be the first to admit it's not the easiest tool to use. You won't find banks like UFB Direct because only parent banks are listed, not divisions.

And a bank might have a more official name than you're used to calling it. Chase Bank, for example, shows up in this tool as JPMorgan Chase Bank, National Association. There are multiple banks with the same name out there as well. But what you can do is type in the bank name as best as you can and then search the listings for the primary website provided and confirm it's the bank website you use.

And a bank might have a more official name than you're used to calling it. Chase Bank, for example, shows up in this tool as JPMorgan Chase Bank, National Association. There are multiple banks with the same name out there as well. But what you can do is type in the bank name as best as you can and then search the listings for the primary website provided and confirm it's the bank website you use.

And a bank might have a more official name than you're used to calling it. Chase Bank, for example, shows up in this tool as JPMorgan Chase Bank, National Association. There are multiple banks with the same name out there as well. But what you can do is type in the bank name as best as you can and then search the listings for the primary website provided and confirm it's the bank website you use.

or in the case of bank divisions, confirm the parent bank's website. And last tip from me, if you see the word direct in the name of a financial institution like UFB Direct, Popular Direct, or Brio Direct, it's a good indicator that it's a bank because direct bank is an industry term for an online bank.