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Sure, but why couldn't be a bank that's just like a money vault and that's it. I don't care if I get no interest, I may even pay a fee for that service.
by moralestapia 4y ago
Sure, but why couldn't be a bank that's just like a money vault and that's it. I don't care if I get no interest, I may even pay a fee for that service.
- tiffanyh 4y agoThat’s called a safety deposit box.
- paulclinger 4y agoChase doesn't allow storing cash in them (other than collectible items) and I know that others banks don't allow either (most likely to limit their liability). I lived through Washington Mutual going through FDIC receivership back in 2008 (I was their employee, shareholder and account holder at that time) and their stock price dropped to almost zero when the news broke about that. I'm curious why this is not the case here.
- quickthrowman 4y ago> I'm curious why this is not the case here. SIVB trading was halted during premarket at 8:35 EST due to pending news, and never resumed trading.
- moralestapia 4y agoNo, not a safety box. A bank. Like the other ones but without them playing bets with your money. That's literally it.
- grog454 4y agoFor a large enough fee you will absolutely find (or create) such a bank.