Are the funds FDIC insured? May 18, 2017 19:37 Yes, your PayForward® Prepaid Visa® Debit Card balance is FDIC insured to the applicable limits. Related articles Do I have the option to request overdraft protection? Does the PayForward® Prepaid Visa® Debit Card expire? Will a credit report be checked? What are the advantages of the PayForward® Prepaid Visa® Debit Card?