Don't Lose Access to Your Cash: Comparing Banks, Neobanks, and Fintech Platforms for Cash Savings Don't Lose Access to Your Cash: Comparing Banks, Neobanks, and Fintech Platforms for Cash Savings
Don't Lose Access to Your Cash: Comparing Banks, Neobanks, and Fintech Platforms for Cash Savings
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
