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A non-bank entity cant have the word "Bank" in the name, but any other spelling is okay. BancSimple is legal. The changed spelling is to indicate that it is no
by kai-zer 15y ago
A non-bank entity cant have the word "Bank" in the name, but any other spelling is okay. BancSimple is legal.
The changed spelling is to indicate that it is not a bank and its accounts are not insured by the FDIC.
e.g. Banc of America Securities, U.S. Bancorp