You trust your bank and so do we. You have the flexibility to keep your funds with your bank while still utilizing borderless. That’s one of the ways we keep our clients banking where they are without any changes.
Having said that, borderless does provide multi-currency balances where you can hold, exchange and receive funds to. The funds are held by tier 1 banks that are secure and regulated in over 180 countries which borderless partners with. They are a FINCEN authorized institution, so your funds are safeguarded as per FINCEN requirements, the Bank Secrecy Act, Electronic Money Regulations 2011 and the Payment Services Regulations 2017.