Albert is not a bank. However, it works with Sutton Bank to provide banking services. The money within your deposit accounts is FDIC-insured, which means that up to $250,000 of your funds are protected against loss.  If you choose to make investments through Albert, those funds are not protected. Instead, your funds will be subject to regular market risks.  In addition, Albert uses advanced security features to protect its customers. Plus, it is SIPC-protected.