Custodial accounts are accounts held on behalf of Raisin customers by a custodian bank at the banks and credit unions where customers deposit their money through Raisin. When a customer makes a deposit through their Raisin account into a savings product offered by a given financial institution, the funds move from the customer's external bank account (also referred to as their reference account) to a custodial account held by one of Raisin's partner custodial banks at the financial institution offering the savings product. Central Bank of Kansas City (CBKC), Lewis & Clark Bank and Starion Bank, each Member FDIC, are the Custodial Banks.
Your money is linked to your unique Raisin ID at all times, ensuring that your savings are always differentiated from other customers' funds.