I already have a bank and/or brokerage account. What makes Ruby Money different?

We are designed to work with the bank or brokerage of your choice.

Ruby Money is not a bank or a brokerage. We are designed to work with the bank and brokerage of your choice. Every time you get paid by a client we set aside money into an FDIC-insured deposit account with our bank partner, Blue Ridge Bank N.A., for safekeeping. You can transfer money back to your primary bank account whenever you need - to pay for taxes, to make a contribution to your retirement account, or another purpose.

Your funds are FDIC insured up to $250,000 through Blue Ridge Bank; Member FDIC.