Don't Lose Access to Your Cash: Comparing Banks, Neobanks, and Fintech Platforms for Cash Savings
Money For the Rest of Us · Money For the Rest of Us
Audio is streamed directly from the publisher (rss.art19.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Millions of fintech app users have lost access to their cash. In this episode, we explain why this happened and show you how to protect yourself when placing cash with traditional banks, neobanks, and fintech platforms.
Topics covered include:
- The mass chaos in the fintech space spawned by the bankruptcy of Synapse Financial Technologies
- What are FBO accounts, and why they are so troublesome
- What is the difference between a traditional bank, a neo bank, and a non-bank
- What to look for and protect yourself when investing your cash savings
Sponsors
Delete Me – Use code David20 to get 20% off
Our Premium Products
Show Notes
Fintech platform Synapse raises $33M to build ‘the AWS of banking’ by TechCrunch—Synapse
Related Episodes
424: Are More Bank Runs Coming? The Collapse of Silicon Valley Bank
412: Where to Invest Your Cash Savings for Higher Yields
304: A 15% Guaranteed Return? Lending on the Fringes of Finance
See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.