Is Peak a bank? Amber Cox June 19, 2020 16:02 Updated Nope. We partner with your bank(s) to store, transfer, and insure your money. Related articles How does saving with Peak work? How much does Peak cost? Can I use Peak with my spouse, partner, wife, husband? What are Unallocated Savings? What happens to my money if Peak closes? Comments 0 comments Article is closed for comments.