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This is harder to discern with Apple Pay since there’s now an Apple savings account backed by Goldman Sachs, an FDIC member https://www.nerdwallet.com/article/

• thoughtsimple 3y ago
  "These apps are also not immune to the same type of panic-based bank run that closed down Silicon Valley Bank and others recently, the agency added." I'm thinking that worrying about Apple going the way of SVB isn't much of a risk.