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Meow's SOC2 Type 1 Attestation

Meow Team
Mar 03, 2023
2 minute read
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We're thrilled to announce that Meow has received a spotless SOC 2 Type I attestation report, certifying our unwavering dedication to maintaining the highest standards for security, confidentiality, and availability of our customers' data.

Our mission is to build products that our customers can rely on with complete peace of mind, and this attestation is a testament to our unrelenting commitment to their security. But, we're not stopping here; for us, security is the bedrock on which our products are built and the backbone of the trust we earn and maintain with our clients.

We leverage Drata's automated platform, which continuously monitors our internal security controls against the highest possible standards, providing us real-time visibility to ensure that our systems are secure and compliant end-to-end. For those curious about our compliance measures, Meow's live security compliance dashboard is available to everyone here.

According to Amit Biswas, our Chief Security Officer, "At Meow, we are known for offering the absolute best value for businesses with our treasury products, but we work even harder to commit to the highest security standards. We are thrilled to have earned this attestation and welcome all customers and prospects to review the report!"

Conducted by a Big 4 Audit Firm, this attestation proves that Meow's information security practices, policies, procedures, and operations meet the stringent SOC 2 Trust Service Criteria for security, confidentiality, and availability.

Developed by the AICPA, SOC 2 is an extensive auditing procedure designed for service providers storing customer data in the cloud, ensuring that a company is handling customer data securely and in a manner that protects the organization as well as the privacy of its customers. Meow understands the gravity of processing sensitive and confidential business data, and we're honored that our clients trust us with this responsibility.

We welcome all customers and prospects who are interested in discussing our commitment to security and reviewing our SOC compliance reports to contact us.

Written by
Meow Team
Meow TeamMar 03, 2023
@chrishlad
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Written by
Meow Team
Meow TeamMar 03, 2023
@chrishlad
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company announcementsAnnouncement: Meow’s 4.31% High-Interest Checking AccountFinancial services suck because of sneaky fees and snake-oil offers. We’re fighting back with the Costco-model for finance. The next step? Meow’s 4.31% High-Interest Checking Account.

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*Disclaimer: Your account is offered to you by Meow Technologies, Inc. (“Meow”). Meow is a financial technology company, not a depository, bank or credit union, and your account at Meow is not, itself, an FDIC-insured product.
Brokerage services provided by BNY Mellon Pershing, Member SIPC through a clearing and custody partnership with Helium Advisors. Meow is not an investment adviser; however we’ve partnered with Helium Advisors LLC (“Helium”), an SEC-registered investment adviser, to bring you certain investing features. All investment advisory services are provided by Helium. We are not affiliated with Helium however we receive compensation as a percentage of assets managed by Helium for promoting Helium’s investment advisory services. Our partnership with Helium gives us an incentive to refer you to Helium instead of another investment adviser that is not a partner of ours. This conflict of interest affects our ability to provide you with unbiased, objective information about the services of Helium. This could mean that the services of another investment adviser with whom we are not partnered may be more appropriate for you than those of Helium. Investing involves risk, including the possible loss of principal, and there is no assurance that the investment will provide positive performance over any period of time. Helium accounts are not bank guaranteed or FDIC insured. ~5% is sourced from treasurydirect.gov May 2023 12-week U.S. Treasury Bill auction.

Meow currently partners with two banking providers. Banking services are provided by Third Coast Bank SSB; Member FDIC and Grasshopper Bank, N.A; Member FDIC.

By opening a Maximum Checking account through Meow and if you choose to receive banking services provided by Grasshopper Bank, N.A,  you deposit your funds into a deposit account at Grasshopper Bank, N.A. which sweeps those funds into deposit accounts across a network of FDIC-insured banks, for up to the current SMDIA of $250,000 per eligible depositor, per destination institution, for each ownership capacity or category, subject to applicable terms and conditions Grasshopper's ICS Deposit Placement Agreement. Grasshopper Bank, N.A. uses a third-party vendor and agent to help administer this sweep process. Visit https://www.intrafi.com/network-banks/ for a list of the banks and savings associations with which we/Grasshopper, N.A. have a business relationship for the placement of deposits at destination institutions, and into which your deposits may be placed (subject to applicable terms with you, and any opt-outs by Grasshopper, N.A. or you). The current limit for access to FDIC insurance on your funds through your Maximum Checking account powered by Grasshopper is $125 million, subject to change at any time by Meow. Terms and restrictions apply. Subject to applicable rate sheet. Interest rates and yields are effective as per the date on the rate sheet and are subject to change without notice. See applicable rate sheets. See our Account Agreements and other applicable terms. FDIC insurance is available to bank depositors up to $250,000 per eligible depositor, per FDIC-insured bank, per ownership capacity or category. 

If you choose to open a Maximum Checking account powered by Third Coast Bank SSB, you deposit your funds into a deposit account at Third Coast Bank SSB, which sweeps those funds into deposit accounts across a network of Federal Deposit Insurance Corporation (“FDIC”)-insured banks, for up to the current standard maximum deposit insurance amount (“SMDIA”) of $250,000 per eligible depositor, per receiving bank, for each ownership capacity or category, including any other balances you may hold at that receiving bank directly or indirectly through other intermediaries, including broker-dealers. Third Coast Bank SSB uses a third-party vendor and agent to help administer this sweep process. Visit https://www.reichandtang.com/about/bank-lists/ for a list of the banks and savings associations with which we/Third Coast Bank SSB have a business relationship for the placement of deposits at receiving banks, and into which your deposits may be placed (subject to the Account Agreements with you, and any opt-outs by Third Coast Bank or you). The current limit for access to FDIC insurance on your funds through your Maximum Checking account powered by Third Coast Bank is $50 Million, subject to change at any time by Meow.

FDIC insurance coverage is only available to protect you against the failure of an FDIC-insured bank that holds your deposits (and does not protect you against the failure of Meow or other third party). Terms and restrictions apply. See our Account Agreements. FDIC insurance is available to bank depositors up to $250,000 per eligible depositor, per FDIC-insured bank, per ownership capacity or category. Your account with Meow and all services provided to you are subject to the Meow Terms of Service (“Account Agreements”) and other applicable terms and no other representations or warranties, express or implied, are provided to you except as expressly set forth in those written Account Agreements. If you have any questions regarding your account, please contact team@meow.co.

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