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I didn't realize banks like Simple or Chime could basically have "fake FDIC insurance". time to move my shit back to my local credit union.
by viro 6y ago
I didn't realize banks like Simple or Chime could basically have "fake FDIC insurance". time to move my shit back to my local credit union.
- joshstrange 6y agoBoth Simple [0] (soon to be closing down) and Chime [1] are FDIC insured. I'm not sure how Beam structured it but I'm not sure if it's the same thing... [0] https://www.simple.com/help/articles/account-info/fdic-insurance https://www.simple.com/help/articles/account-info/fdic-insur... [1] https://help.chime.com/hc/en-us/articles/224459628-Are-Chime-Accounts-FDIC-insured- https://help.chime.com/hc/en-us/articles/224459628-Are-Chime...