Company Information

Get to know Copper Banking

Founded in 2019, Copper is a financial technology company focused on providing banking solutions for teenagers. Its mission is to empower the next generation with financial education and smart money habits. Copper offers an FDIC-insured checking account, a personalized debit card, savings tools, and instant money transfers, all managed through a mobile app. It operates as a "neobank," meaning it is not a bank itself but provides banking services through its partnership with a chartered bank, Evolve Bank & Trust. The platform is designed for parents to have visibility and control while giving teens the independence to learn how to earn, save, and spend responsibly.

Industry

Financial BankingPRIMARY
Financial Other Service

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Copper Banking

United States

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.