Good question, with PayPal Savings the banking services are provided by Synchrony Bank so your money is basically stored at Synchrony Bank which is insured by FDIC.
Also you can check out the section of the video starting at 6:19 where I talk about this. Link for Synchrony Bank in the description or you can look them up however you’d like for more info as well. Take care!
Really thorough video! Thank you! I appreciate it.
You’re welcome, glad you enjoyed the video! Thanks for watching & commenting!
Is pay pal a safe place to store your money? Thats the real question
Good question, with PayPal Savings the banking services are provided by Synchrony Bank so your money is basically stored at Synchrony Bank which is insured by FDIC.
Also you can check out the section of the video starting at 6:19 where I talk about this. Link for Synchrony Bank in the description or you can look them up however you’d like for more info as well. Take care!