Skip to main content
All CollectionsDirect deposits
What is Thread Bank?
What is Thread Bank?

This bank appeared when I got my Direct Deposit, who are they?

C
Written by Ciara Jack
Updated over a week ago

Thread Bank... who is she?
โ€‹
Here's why you'll have noticed a Thread Bank name drop when you signed up for your Direct Deposit: this is the bank that temporarily holds your deposit until it moves onto your card.

Cleo isn't a bank, she's just an AI. So, we need a trustworthy bank partner to hold your cash after your payroll provider hands it over to Cleo.

To summarise: once your direct deposit gets transferred into this account it will get transferred to your credit builder card.

Phew. You can relax, no suss banks here.

Did this answer your question?