Ace Flare accounts are held at Sunrise Banks, a Minnesota-based bank

When you open an Ace Flare account, your money sits at Sunrise Banks, N.A., a federally chartered bank based in Minneapolis. Ace Flare itself is not a bank — it is a financial technology company that partners with Sunrise Banks to offer the account to you. This matters because it means your deposits are insured by the Federal Deposit Insurance Corporation (FDIC) up to $250,000, the same protection you would have at any other bank.

Sunrise Banks has been operating since 1958 and is regulated by the Office of the Comptroller of the Currency, a federal agency that oversees national banks. The partnership between Ace Flare and Sunrise Banks lets Ace Flare handle the customer-facing side — the app, customer service, and account features — while Sunrise Banks manages the actual banking operations behind the scenes.

Key Takeaways

  • Ace Flare accounts are held at Sunrise Banks, a federally chartered bank in Minnesota, not at Ace Flare itself.
  • Your deposits in an Ace Flare account are FDIC-insured up to $250,000 because they sit at a real bank.
  • Sunrise Banks is regulated by the Office of the Comptroller of the Currency and has been operating since 1958.
  • Ace Flare handles the app and customer service, while Sunrise Banks handles the actual banking operations.

Why the partnership structure matters for your account

The relationship between Ace Flare and Sunrise Banks is called a banking-as-a-service partnership. Ace Flare focuses on building technology and serving customers, while Sunrise Banks holds the actual bank charter and manages regulatory compliance. This is a common model in the financial technology industry.

For you as an account holder, this means that even though you interact with Ace Flare's app and customer service team, your account is ultimately backed by a real bank with federal oversight. If Ace Flare were to shut down tomorrow, your money would not disappear — Sunrise Banks would still hold it, and you would still have access to it.

How FDIC insurance protects your money

Because your Ace Flare account is held at Sunrise Banks, it qualifies for FDIC insurance. This federal insurance covers up to $250,000 per depositor, per bank, per account category. If Sunrise Banks failed, the FDIC would reimburse you for your deposits up to that limit.

The $250,000 limit applies to each account category separately. This means if you have a checking account at Sunrise Banks under your own name and also have an Ace Flare savings account there under your own name, each account is insured separately up to $250,000. If you have a joint account with someone else, that joint account gets its own $250,000 of coverage.

What to do if you need to contact the actual bank

For most questions about your Ace Flare account — transfers, card issues, account settings — you will contact Ace Flare's customer service through the app or their website. Ace Flare handles the day-to-day support.

If you ever need to contact Sunrise Banks directly, you can reach them at their main phone line or through their website. This might happen if you need official documentation like a bank statement for a mortgage process, or if you have a question about FDIC insurance coverage. Sunrise Banks' customer service can confirm your account details and provide formal banking records.

How to verify this information yourself

You can confirm that your Ace Flare account is held at Sunrise Banks by checking your account disclosures. When you opened the account, you received documents that list the bank name and routing number. The routing number for Sunrise Banks is 091000019, and you can verify this through the Federal Reserve's routing number database.

You can also search the FDIC's Bank Find tool online using Sunrise Banks' name to confirm it is an FDIC-insured institution. This tool shows you every bank's insurance coverage limits and the regulators who oversee it.

Other accounts held at Sunrise Banks

Ace Flare is not the only financial technology company that partners with Sunrise Banks. Other fintech companies also use Sunrise Banks as their banking partner. If you use multiple fintech accounts, some of them might be held at the same bank, which affects how your FDIC insurance works across all your accounts.

If you have accounts at multiple fintech companies that all use Sunrise Banks, your FDIC coverage is shared across all of them under the same account category. For example, if you have $150,000 in an Ace Flare savings account and $120,000 in another fintech savings account, both at Sunrise Banks, only $250,000 total is insured across both accounts combined, not $250,000 per account.

Frequently Asked Questions

Is my money safe in an Ace Flare account?

Yes. Your money is held at Sunrise Banks, a federally regulated bank, and is insured by the FDIC up to $250,000. Ace Flare is the technology company you interact with, but Sunrise Banks is the actual bank holding your deposits.

What happens to my account if Ace Flare goes out of business?

Your account would remain at Sunrise Banks. You would still have access to your money, though you might need to contact Sunrise Banks directly to manage your account if Ace Flare's app and services shut down. Your deposits would still be FDIC-insured.

Can I transfer money directly from my Ace Flare account to another bank?

Yes. You can initiate transfers through the Ace Flare app to move money to any other bank account you own. The transfer goes from Sunrise Banks to the other bank, and timing depends on the receiving bank's processing speed.

Do I need to contact Sunrise Banks to open an Ace Flare account?

No. You open the account entirely through Ace Flare's app or website. Sunrise Banks handles the account in the background, but you never interact with them directly during the signup process.

What is the routing number for Ace Flare accounts?

The routing number is 091000019, which is Sunrise Banks' routing number. You use this number when setting up direct deposits or transfers to your Ace Flare account.