4 ms·

Apparently they purposely called it a "checking & savings" account because they were well aware that technically it is neither a "checking" nor a "savings" acco

Apparently they purposely called it a "checking & savings" account because they were well aware that technically it is neither a "checking" nor a "savings" account and that a "checking & savings" account does not really exist to protect themselves from accusations of false claims...

jkravitz61 8y ago
They are still claiming it is SIPC insured- which is false, regardless of what you call it.
- pitaj 8y ago
  It's not necessarily false - that's up for various attorneys to decide.
  - ucaetano 8y ago
    Technically true, but irrelevant. Everything might be up for attorneys and judges to decide.