Your Emergency Fund
You can use The Approved Card to set up an Emergency Fund to set aside money for the “what-ifs” in life!
Your Emergency Fund is separate from your primary Approved Card account. When you put money in your Emergency Fund, you can’t spend it by accident! Just contact us first when you want to.
You can even set up other Savings Funds to save up for big purchases—maybe a down payment on your first home, to buy a car or start a family. You can make regular deposits or a lump sum from time to time—it’s up to you! And you can rest assured your deposits are FDIC insured to at least $250,000 by the Card Issuer, The Bancorp Bank; Member FDIC.