3 ms·
Statement from Metropolitan Commercial Bank "Metropolitan Commercial Bank maintains an omnibus account specifically designated for the benefit of Voyager custo
by smoe 4y ago
Statement from Metropolitan Commercial Bank
"Metropolitan Commercial Bank maintains an omnibus account specifically designated for the benefit of Voyager customers. [...] Voyager is responsible for maintaining records to determine the ownership and amount of each of its customer’s funds on deposit in the omnibus account."
https://www.mcbankny.com/fdic-coverage-available-to-voyager-customers/ https://www.mcbankny.com/fdic-coverage-available-to-voyager-...
Unless I misunderstand, there seems to be no account separation whatsoever on the side of the bank and no "each Customer is a customer of the Bank"