A Message From Our CEO

To our valued clients and partners,

As you are likely aware, recent events in the financial industry have caused great uncertainty and concern for many. We wanted to take a moment to reassure you that Wallit’s services remain unaffected and continue to operate normally.

On Friday, March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank (SVB), and on Sunday, March 12, 2023, the NYDFS closed Signature Bank. Both regulators have appointed the Federal Deposit Insurance Corporation as the receiver, and the FDIC has established bridge banks for both institutions. The FDIC has also announced that it will fund all deposits at SVB, whether insured or uninsured.

We understand that these events may have caused disruption and concern for some of our clients and partners, and we want to assure you that our system will allow you to make decisions about how you’d like to fund your transactions moving forward, including changing your primary bank accounts or adding new accounts.

At Wallit, providing the best support to our clients and partners is our priority. We are committed to helping you navigate and minimize any disruptions to your payment operations. Our team is here to support you, and we sincerely appreciate your continued trust and loyalty.

We know that this has been a challenging time for many in the banking industry, and we are thinking of everyone affected by these events. We remain committed to providing you with the highest level of service and support.

Thank you for your continued partnership.

Sincerely,
Michael Vien, CEO