Bluevine operates as a pioneering financial technology company, establishing itself distinct from a traditional bank. This “Bank And Vine” relationship, where Bluevine represents the innovative vine growing alongside established banking structures, allows it to offer robust financial services. It’s crucial to understand that while Bluevine itself is not a bank, the banking services it provides are underpinned by its partnership with Coastal Community Bank, Member FDIC. This distinction ensures that depositor funds within Bluevine accounts benefit from FDIC insurance, a critical layer of protection in the financial landscape.
The assurance of FDIC insurance extends to Bluevine account holders through Coastal Community Bank, reaching up to $3,000,000 per depositor. This coverage is facilitated through pass-through insurance mechanisms at Coastal Community Bank and also includes a network of program banks, further diversifying and securing depositor funds. For detailed information on Bluevine’s partner banks within this sweep network, you can refer to their program banks documentation.
Bluevine’s commitment to providing comprehensive financial tools is further exemplified through the Bluevine Business Debit Mastercard® and Bluevine Business Cashback Mastercard®. These cards, issued by Coastal Community Bank, Member FDIC, under a license from Mastercard International Incorporated, are accepted wherever Mastercard is processed globally. The Mastercard brand and associated trademarks, including the circles design, are proprietary to Mastercard International Incorporated, highlighting the established network supporting Bluevine’s card services.
It’s important to note several key operational and legal aspects of Bluevine’s services. The terms “Mastercard Easy Savings,” “Mastercard Airport Concierge,” “Priceless Surprises,” “Mastercard ID Theft Protection,” and the circles design are registered trademarks of Mastercard International Incorporated, underscoring the established and recognized framework within which Bluevine operates its card services. Account applications for Bluevine services are subject to approval, and while Bluevine prides itself on transparency with no monthly or maintenance fees, certain charges such as Card Replacement Fees and Wire Transfer Fees may apply.
Banking services for payments initiated via ACH or wire transfers from Bluevine Business Checking Accounts are also facilitated by Coastal Community Bank, Member FDIC, maintaining consistency in their banking partnerships. Notably, funds intended for Bill Pay services are temporarily managed by Silicon Valley Bank, a division of First-Citizens Bank & Trust Company, during the payment processing phase, indicating a network of established financial institutions supporting Bluevine’s operational framework. For businesses engaging in international transactions, money transmission services for International Payments are provided through a third-party service, and these transactions are governed by their specific terms and conditions, adding a layer of external regulation and compliance.
Bluevine also offers a Line of Credit product, issued by Celtic Bank and serviced by Bluevine. Access to this credit line is contingent upon credit approval, and it’s important to understand that rates, credit limits, and terms are variable, influenced by individual creditworthiness and subject to modifications. Additional fees are associated with this line of credit. Furthermore, Bluevine collaborates with various third-party partners to offer other commercial credit products; however, Bluevine is not directly involved in the issuance or servicing of these partner-provided products, ensuring clear delineation of responsibility and service provision. Offerings and eligibility criteria for these partner products are determined by each respective partner.
For businesses operating under California jurisdiction, it’s relevant to note that certain financing activities may be conducted or arranged under California Financing Law-License No. 6054789, ensuring regulatory compliance within specific state frameworks.
Finally, it’s essential to recognize that all other product names, logos, brands, trademarks, and registered trademarks mentioned are the property of their respective owners. The use of company, product, and service names throughout Bluevine’s website and materials is strictly for identification purposes and does not imply any form of endorsement or affiliation. The year 2025 Bluevine Inc. retains all rights, and “Bluevine” along with the Bluevine logo are officially registered trademarks of Bluevine Inc., solidifying their brand identity and intellectual property.
