this post was submitted on 28 Jul 2026
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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). (youtube.com)
submitted 2 days ago by lemonhead2@lemmy.world to c/personalfinance@lemmy.ml
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[–] michaelscott@lemmy.world 3 points 10 hours ago

That’s fucked up.

[–] bamboo@lemmy.blahaj.zone 11 points 1 day ago

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.