What you're asking about is called narrow banking - as opposed to the broad banking status quo. There are at least two banks, The Narrow Bank and Custodia Bank,

What you're asking about is called narrow banking - as opposed to the broad banking status quo. There are at least two banks, The Narrow Bank and Custodia Bank, that want to bring this business model to customers but the Fed is not interested in authorizing them. Here are some resources: https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/narrow-bank-challenges-traditional-industry-model-but-fed-pushes-back-49204495 https://www.spglobal.com/marketintelligence/en/news-insights... https://www.chicagobooth.edu/review/safest-bank-fed-wont-sanction https://www.chicagobooth.edu/review/safest-bank-fed-wont-san... https://www.listennotes.com/podcasts/bankshot/ep-14-whos-afraid-of-the-bgsMFof9RWH/ https://www.listennotes.com/podcasts/bankshot/ep-14-whos-afr... https://twitter.com/LynAldenContact/status/1637910166136930310 https://twitter.com/LynAldenContact/status/16379101661369303... https://www.youtube.com/watch?v=xqX_NkBUQzg https://www.youtube.com/watch?v=xqX_NkBUQzg