Skip to main content

Is my money insured if you go under?

Yes, through the Securities Investor Protection Corporation (SIPC) in the US

Support avatar
Written by Support
Updated over 7 months ago

Hatch provides access to the US share markets through our partner DriveWealth, a US regulated broker-dealer, and we do not hold any of your shares.

Citi (Citigroup Inc) is custodian of your shares and is headquartered in New York City.
โ€‹
In the case of US broker insolvency, Securities Investor Protection Corporation (SIPC) protects against the loss of cash and shares held by a customer at a financially-troubled SIPC-member brokerage firm (which Hatch is). The limit of SIPC protection is $500,000 USD, which includes a $250,000 USD limit for cash.

Please note, when money is held in your Hatch account (non-invested), it is swept into a Money Market Fund stored in a money market fund with Dreyfus BNY Mellon. This is also protected under SIPC. ย 

Note: The money you invest through Hatch is not insured against losses on the share markets.ย 

Did this answer your question?