# Is Upgrade a bank?

Upgrade, Inc. (“ **Upgrade**”) is an online marketplace platform that provides access to affordable and responsible credit, mobile banking, and payment products with free credit monitoring and education.

Upgrade is a financial technology company, not a bank. We partner with banks and other financial institutions who originate loans, provide deposit accounts, and other services obtained through Upgrade. Upgrade (NMLS #1548935) holds the following [state licenses](/content/help/upgrade-inc-state-licenses-and-consumer-information/state-licenses-and-consumer-information/upgrade-upgrade-inc-overview-state-licenses-and-consumer-information/index.html) and does business under the following [DBAs](/content/dba/index.html). Upgrade is not FDIC insured, but works with the below FDIC insured institutions.

**Cross River Bank**, Member FDIC, Equal Housing Lender, originates personal loans, auto refinance loans, home improvement loans, BoostCash™ advances offered under Boost Money™, personal credit lines, and issues Upgrade Visa® Cards, including the Boost Money™ Card, that allow access to personal credit lines, pursuant to a license from Visa USA Inc. Rewards associated with the Upgrade Card, when applicable, are provided by Upgrade. Checking and savings accounts, including Boost Money™ Spend and Save accounts as well as Visa® Debit Cards made available through Upgrade are also provided by Cross River Bank, Member FDIC.

**The Bancorp Bank, N.A.** issues Upgrade Visa® Cards that allow access to personal credit lines, pursuant to a license from Visa USA Inc. Rewards associated with the Upgrade Card, when applicable, are provided by Upgrade.

**Blue Ridge Bank, N.A**, Member FDIC, Equal Housing Lender, originated personal loans through Upgrade through February 2026.

**Sutton Bank**, Member FDIC, issued Upgrade Visa® Cards through October 2024 that allowed access to personal credit lines, pursuant to a license from Visa USA Inc.

**WebBank**, Member FDIC, originated personal loans obtained through Upgrade from 2017 through January 2020.