FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentQuestions About Your Envelope Account and the Pacific West Bank Merger
Pacific West Bank (PWB) recently announced its planned merger with 1st Security Bank of Washington (1SB). We understand that Envelope Money customers may have questions about what this means for their accounts.
The most important thing to know is that there are no changes to your Envelope account as a result of this announcement.
What You Need to Know
✅ Your account number will not change.
✅ Your routing number will not change.
✅ Your debit card will not change.
✅ Direct deposits and automatic payments will continue to work as they do today.
✅ No action is required from you.
Frequently Asked Questions
Why am I receiving this notice?
Pacific West Bank has announced a planned merger with 1st Security Bank of Washington. Because Pacific West Bank provides banking services that support Envelope Money accounts, some customers may have questions about what this announcement means.
Will my Envelope account continue to work?
Yes. We expect no interruption to the day-to-day banking services supporting your Envelope account.
Is there anything I need to do?
No. You do not need to take any action as a result of the merger announcement.
Will my account number change?
No. Your account number will remain the same.
Will my routing number change?
No. Your routing number will remain the same.
Will my debit card change?
No. Your debit card will remain the same.
Will my direct deposits continue to work?
Yes. Direct deposits should continue to be processed normally.
Will my automatic payments continue to work?
Yes. Existing automatic payments and transfers should continue to operate normally.
Will FDIC insurance coverage change?
Deposits will continue to be FDIC insured according to applicable FDIC rules and limits.
Will I still use Envelope Money?
Yes. Customers should continue using Envelope Money as they do today.
What happens next?
The merger is subject to customary approvals and closing conditions. Pacific West Bank, 1st Security Bank of Washington, and Envelope Money are working together to support a smooth transition and maintain continuity for customers.
How will I be notified if something changes?
If future changes affect your account or banking services, appropriate notice will be provided in advance.
Who should I contact with questions?
For questions regarding your Envelope account, please continue to contact Envelope Money through its normal support channels.