Security and Safety: Safeguarding Your Finances
At Bivo, the security of your cash and data is our top priority. We employ advanced technologies and robust protocols to ensure your financial operations are safe, compliant, and efficient. From end-to-end encryption to the security of Treasury Bills and enhanced FDIC coverage, Bivo sets the standard for reliable financial management.
Key Security Features
End-to-End Encryption
- All data, transactions, and communications are encrypted at every stage, ensuring complete confidentiality and safeguard from unauthorized access.
Real-Time Transaction Monitoring
- Transactions are monitored in real-time to detect and prevent fraud or suspicious activity before it can occur.
Two-Factor Authentication (2FA)
- An additional layer of security requires users to verify their identity using two separate factors, ensuring only authorized personnel can access accounts.
Granular Permissions and Controls
- Assign user-level permissions to ensure individuals have access only to the information and functions they need.
- Configure dual controls to require multiple approvals for high-value or sensitive transactions.
Advanced Fund Safeguards
Enhanced FDIC Coverage
- FDIC insured, backed by the full faith and credit of the U.S. government through partner banks. While traditional FDIC insurance covers up to $250,000 per account holder per bank, Bivo’s Cash Plus Accounts distribute cash across multiple bank partners to significantly increase FDIC insured coverage limits.
Liquid Treasury Bills
- Cash in liquid U.S. Treasury Bills are backed by the full faith and credit of the U.S. government, providing unparalleled security. Save more with no state income tax.
Money Market
- Bivo’s money market option primarily focus on U.S. Treasury and government securities, offering both high yields and low risk.
Compliance and Oversight - Regulatory Adherence
- Bivo operates under strict regulatory frameworks to ensure compliance with all federal and state financial regulations.
Why Choose Bivo for Security?
Industry-Leading Standards
We adopt the latest security technologies and adhere to stringent protocols to protect your financial data and transactions
Peace of Mind
Know that your cash is safeguarded with FDIC insured, Treasury Bills, or money market funds backed by treasury or government securities, and real-time monitoring.
Tailored Safeguards
Customize security settings, such as user permissions and dual approvals, to match your business’s needs.
Frequently Asked Questions
1. How reliable are Bivo’s accounts?
Bivo employs end-to-end encryption, real-time monitoring, and two-factor authentication to safeguard your accounts from unauthorized access and fraud.
2. What is enhanced FDIC coverage?
Enhanced FDIC coverage allows your cash to be distributed across multiple bank partners, significantly increasing the insured limit, beyond the standard $250,000.
3. Can I customize user access and permissions?
Yes. Bivo provides granular controls that let you assign specific permissions based on roles and responsibilities.
4. Are there safeguards for large transactions for businesses?
Yes. Bivo’s dual controls and approval workflows ensure that high-value transactions require multiple authorizations before they can be processed.