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The big risk is that Mercury goes out of business. This leaves the bank with money in Mercury accounts but no way to get back to customers. The funds may be con
by ianburrell 2y ago
The big risk is that Mercury goes out of business. This leaves the bank with money in Mercury accounts but no way to get back to customers. The funds may be considered to be the companies in bankruptcy, when means that customers would have to wait and may not get back all their money.
- snotrockets 2y agoThat’s not really how it works. The keyword to google is “fbo”.
- tadfisher 2y agoMercury accounts are DDAs, not FBOs.