Build a BaaS Program Your Partner Bank Can Trust
Sponsor banks now expect clear records of who owns every dollar in an FBO account. We set up your account structure, sub-ledger reconciliation, and compliance program so your customers' funds stay segregated, traceable, and protected.
Partner banks approve programs, not pitch decks.
Banks scrutinize your business model, fund flows and compliance before opening an FBO account. As AML specialists, we prepare the documentation and controls they expect, and align your setup with any MSB or money transmitter licensing you need.
Bank-Ready Documentation
Business plan, AML policies, risk assessment
Clean Fund Segregation
Master account and sub-ledger design
Licensing Alignment
MSB and MTL needs assessed upfront
Who needs FBO and BaaS setup
FinTechs & Neobanks
Apps offering accounts, cards or wallets through partner banks.
Payroll & Payment Platforms
Businesses holding funds before paying out employees or merchants.
Marketplaces & Crypto Platforms
Platforms holding customer balances on behalf of their users.
How it works
Model & Licensing Review
We map your fund flows and confirm the right account structure and licensing.
Due Diligence Package
We prepare the compliance documents partner banks review before approval.
Bank Partnership
We coordinate with partner banks or BaaS providers through onboarding.
Ledger & AML Controls
We help set up sub-ledger reconciliation and live AML and KYC monitoring.
Frequently Asked Questions
What is an FBO account?
A master bank account held by a platform "for the benefit of" its users. The bank holds the funds, the platform manages operations, and each user's balance is tracked on a sub-ledger.
How is an FBO account different from a custodial account?
An FBO account pools many users' funds in one master account tracked by sub-ledgers. A custodial account is typically held for an individual beneficiary, often under trust or fiduciary rules.
Do I need a money transmitter license to use an FBO account?
It depends on your fund flows and bank partner. Some models operate under the bank's authority, while others require MSB registration or state licenses. We assess this before you apply.
Launch your BaaS program on solid ground
Book a free consultation and get your FBO structure bank-ready.