This article was updated on: September 16, 2022
Published on: December 4, 2020
By: Webster Bank
Are there transaction limitations with the BrioDirect high-yield money market account?
Yes. You may only make up to six (6) surcharge-free withdrawals or transfers from your account per statement cycle. (If you exceed that limit, a $10 fee applies.)
All deposit products are provided by Santander Bank, N.A. ("Santander Bank"), an insured FDIC institution. BrioDirect is a sub-brand of Webster Bank, a division of Santander Bank, N.A. Webster Bank operates under the trade name BrioDirect. This trade name is used by, and refers to, Webster Bank, a division of Santander Bank, N.A. a single FDIC-insured bank.
Accounts that are opened via www.briodirectbanking.com and marketed by BrioDirect are Santander Bank accounts. Deposits in these accounts are made with Santander Bank. For purposes of determining how much FDIC insurance is applicable to your accounts, you need to consider all accounts maintained with Santander Bank, N.A., such as CD, checking, savings, BrioDirect online accounts and cash held in health benefits accounts with HSA Bank, a division of Santander Bank, N.A.