3 ms·
Do you have some concrete examples?
by Game_Ender 15y ago
Do you have some concrete examples?
- maaku 15y agoWhat happens to the deposits if Simple (the company) goes under? EDIT: Yes, I know they are FDIC-insured. But inside accounts setup by Simple. Are those accounts also in Simple's name, or jointly setup? What could potentially happen then during the lawful unwinding of the company?
- matwood 15y agoThat's a good question. When you make a deposit how long does it (if ever) sit in Simples possession before being put int your FDIC insured account? This may not sound like a big deal, but if Simple were to go under this float would go under with them.
- galadriel 15y agoPaypal, but from the seller side. A lot of banking regulations would prevent Paypal from holding money at whim, etc.