MetaBank is a federally chartered savings bank, based in Sioux Falls, South Dakota. It's one of the leading banks in the industry and has been recognized as one of the most reputable, top community banks in the country. It's a large banking institution with over $9 billion in deposits and other assets. With an excellent Texas Ratio of 6.25%, this is a financially healthy bank where your funds will be more than safe. Your funds are insured up to $250,000. With 4.3 out of 5 stars rating at SmartAsset, your money will be safe with this institution.