Not even close.

The banking startups are collecting account holder information so they can turn around and upsell you on credit cards and other products.

But it gets better ...

There is no such thing as a startup bank in the US because the government doesn't grant bank charters anymore. All those new companies aren't banks at all. They piggyback on top of an existing bank or the ACH network.

That's why none of them say FDIC-approved, since they can't be part of FDIC.