If you have money with PayPal venmo cash app wealthfront etc, you should know it may not be FDIC insured (even though they say it is).

https://youtube.com/shorts/csPQBNvWuP0

25 points · 2 comments · view on lemmy.world

2 Comments

bamboo@lemmy.blahaj.zone · 12 pts · 23d

It's pretty insane that they can advertise as FDIC insured while not being insured. Pretty much erodes faith in that claim which is the opposite of why FDIC exists.

michaelscott@lemmy.world · 4 pts · 22d

That’s fucked up.