Questions about Carrington Group
What is Carrington Group?
Carrington Group is a fintech company that provides banking, trading, and financial services to clients. It offers checking and savings accounts through partner banks, a charge card product with cashback, and a Treasury program for investing idle cash. The company also originates venture debt and working capital loans for businesses through its lending and servicing subsidiaries.
Who is Carrington Group for and how do I get started?
The company targets businesses seeking banking, trading, and financial services. Access to its platform requires a privileged access code, and prospective clients can book a call with a specialist to get started.
What specific charge card product does Carrington Group offer?
The IO Card is a charge card product that offers cashback on spending, and it is issued by J.P. Morgan pursuant to a license from Mastercard.
How does the Treasury program work and who advises it?
The Treasury program, advised by Carrington Group Advisory LLC, seeks to earn net returns up to 4.06% annually on idle cash. Treasury accounts are custodied by Apex Clearing Corporation, a registered broker dealer and member of FINRA and SIPC.
What makes the IO Card's qualifying balance minimum notable?
The IO Card has one of the lowest qualifying balance minimums among known major players in the business charge card space that determine eligibility by cash balance, as of May 2025.
How is cashback credited and what happens with early payments?
Cashback is automatically credited to your linked checking account when your monthly repayment is processed. If you make an early payment, you will receive cashback proportional to the amount paid.
Is Carrington Group itself an FDIC-insured bank?
Carrington Group is a fintech trading company, not an FDIC-insured bank. Banking services are provided through Choice Financial Group, which is a Member FDIC.
How are checking and savings accounts insured?
The company provides checking and savings accounts through its bank partners, Choice Financial Group, and deposit insurance covers the failure of an insured bank.
What conditions affect the cashback program?
The IO Card's qualifying balance minimum is determined by cash balance, and the company may modify or terminate the cashback program at any time.
How can I book a call with a specialist?
The company's website includes a booking feature for prospective clients to schedule a call with a specialist.
What disclaimer applies to the Treasury program's performance?
The performance discussed in the Treasury program is historic and reflects an investment for a limited period of time, and past performance is not indicative of future returns.
How can I contact Carrington Group?
The company can be contacted at the business phone number +13467660718 or via email at info@carrington.group.
What is the official website of Carrington Group?
The official website of Carrington Group is carrington.group.
Does Carrington Group have reviews on Trustburn?
Carrington Group has no reviews on Trustburn yet. Anyone who has used it can write the first review on its Trustburn page.
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Carrington Group is a fintech company that offers banking, trading, and financial services to its clients. The company provides checking and savings accounts through partner banks, along with a charge card product that offers cashback on spending. Carrington Group also operates a Treasury program, advised by its SEC-registered investment adviser subsidiary, which invests idle cash to seek net returns. In addition, the company originates venture debt and working capital loans for businesses through its lending and servicing subsidiaries. Access to its platform requires a privileged access code, and the site includes a booking feature for prospective clients to schedule a call with a specialist.
- Website
- carrington.group
- Phone
- +13467660718