See, this is why they need to bring back Critical Thinking in schools lol. ⭐⭐"These companies aren't FDIC insured...if they ever went bankrupt, they're not responsible for giving you your money back."⭐⭐ He told us the "Why", explained the "Why" because FDIC ain't common knowledge, and even used the terms & conditions of PayPal who's the granddaddy of em all to prove the "Why"......and you still missed it by tryna debate the most insignificant thing he said lol 🤦🏾♂️
@@prod.gregupnext2958ummm, not small chance, it depends how much you put in the bank, 250,000USD are insured by FIDC, so if the bank went bankrupt, u will still get money(Silicon Valley is a great example), and they play around with real estate, government securities, and commercial and consumer loans, which are kinda secure investments they can only do required by law.
@@michaelsmoney9839 Yes, the other day a guy explained me that Sutton only issues the card, we don't have an account with sutton so in theory u can have the sutton and the cash card.
PayPal uses Synchrony Bank which is FDIC insured at least for the savings accounts which also pay a compounding 4.3% APY savings rate which is way higher than the vast majority of banks paying a fraction of a percentage.
only if your account is not linked to a cashapp card or a debit from your bank funds in cashapp are insured if you have a cashcard linked because then it is under sutton bank which is FDIC insured
So whenever the paypal wallet filled with $100 transfer it into your Bank Account.. And thats the way u can use paypal safely .. In future if they bankrupt then you lose only $100 .. Thats the idea you can follow...
i dont have any cash app, venmo none of them. so my question is this ...do i have to link my personal debit card to this app? im so skeptical about that
What do you mean? When it comes to loading your Cash App, Venmo, or PayPal balance, you have to link both your debit card and checking account just to load funds, unless you want to load the account with cash at a store for a small fee depending on location.
Damn, scrolling through this comment section I seem to see more comments against you rather than with you lol I think you should be making videos of stuff you like to do instead of posting stuff that you know nothing about lol
This video is a complete lie. All of these are banks. Never keep the money floating from app to app but if you park it in the savings portion of the app it's as safe as any bank.
Hey, you trying to make a video of something like that but yet you using fake clips 😭, even putting “15,030” on that pay/request screen when you don’t even have that in there 😭😭
Which big boss teaches how to use mnemonics, friends say there is U (Wave field)figure step orange legend silly copper faint place category injury kangaroo stove
Dude, banks play around with your money as well.
True but you have a better chance of getting you shit with the back small chance but better then cash app
But w the bank it’s coming back . Cash app it’s done
Usually Scammed Accountholders 😮
See, this is why they need to bring back Critical Thinking in schools lol.
⭐⭐"These companies aren't FDIC insured...if they ever went bankrupt, they're not responsible for giving you your money back."⭐⭐
He told us the "Why", explained the "Why" because FDIC ain't common knowledge, and even used the terms & conditions of PayPal who's the granddaddy of em all to prove the "Why"......and you still missed it by tryna debate the most insignificant thing he said lol 🤦🏾♂️
@@prod.gregupnext2958ummm, not small chance, it depends how much you put in the bank, 250,000USD are insured by FIDC, so if the bank went bankrupt, u will still get money(Silicon Valley is a great example), and they play around with real estate, government securities, and commercial and consumer loans, which are kinda secure investments they can only do required by law.
If you keep your money out of the apps, that’s how they go bankrupt 😭🙏
Paypal is linked through synchony bank. Which is FDIC insured.
Didn't they get caught stealing from everyone that wasnt an extreme leftist transgender of colors?
@@donaldwhitt5332venmo also has another bank they partner with. Stupid people saying anything.
Taking financial advice from a tiktoker with no banking employment or finance degree is not a good idea lmao..
PayPal owns Venmo as well
Hey, I axed about trans coloreds.
I want a reply.
This video is outdated cash app is now partners with Sutton bank which is FDIC insured
@@michaelsmoney9839 not through cash app but you can through them
But why doesn’t my cashapp let me buy anything with the money I have?
@@Ilovequietplaces do you have one of their free cards?
@@mLK635wdym
@@michaelsmoney9839 Yes, the other day a guy explained me that Sutton only issues the card, we don't have an account with sutton so in theory u can have the sutton and the cash card.
eh its kinda hard for them to go bankrupt
Facts lmaooo
@@Matthewgb204I just got that and rn mine interest rates at 4.5% so I’m fine with that Ngl
Just like twinkies
Cap 🧢 not true, these are FDIC insured.
Not cash app
@@isaiah_parker2663yes it is
@@isaiah_parker2663 Oh hey now it is were good now 😊
@@isaiah_parker2663 Yes it is.
@@isaiah_parker2663cash is with sutton Bank and fdic ensured. So yes
That’s why I keep my money in cash
Same here I only use cash app for bills. It's spent like an hour after it's out on there.
They are 100% fdic insured
bro every bank does that 💀 idk abt the bankrupt part tho
If the banks default they don’t pay you back either. This is why people turn there money into gold and bury it lol
Bro has beef with Venmo and cashapp😂
Or they can just steal your money by false saying you broke their terms 💀 happened to me
Fr?
what terms
If it's false you can sue
@@YassJuni no, because i agreed to their tos
@@julianblacksmith8539 some random shit they made up
Cash app is actually fdic insured as long as you have a direct deposit to it
As of 5/17/2024 if you have more than 250,000 dollars in your account you should be fine and it is FDIC insured
As someone who cant even access cashapp in my country i see this as an absolute win
Egypt?
"dont use cash app because, a lot of people use it like a bank but you shouldnt because its like a bank"
Me watching this while cashapp has been down for a day
It's down again today
I'm looking to see if I should do a cash app n read yalls comments. Lol
Literally discribes how every bank works
Banks invest your money as well the second part might be true though, so basically don’t keep a ton of money
Banks do that too-
I think it is fdic insured now
They are fdic insured I looked it up my self why are u not fact checking your information
THIS IS WHY YOU DONT LISTEN TO PEOPLE ON THE INTERNET WITHOUT KNOWING OR FINDING OUT
Cause It's Not Meant For Long Term Storage Of Cash...As I Gather...
Bro is just flat out lying 😂
Team fake
👇
bro fake
That’s why cash is the best
PayPal uses Synchrony Bank which is FDIC insured at least for the savings accounts which also pay a compounding 4.3% APY savings rate which is way higher than the vast majority of banks paying a fraction of a percentage.
That is every bank ever
Cap that's not real
it is insured ac up to 250000
I have a card though 💀
You’re good they have FDIC insured now
What do you think all banks do 😂.
That’s false, cash app is actually FDI seed by Sutton BANK up to $250,000.
I dont understand this whats the difference between E transfer and all these other apps that do the same thing?
Banks do the same shit guy. This kid acting like he’s a genius 🤣
So!!!….where should I keep the money at ???…
That's why I have chime hahaha
lock the card then
Bro you just told all these bad people that will take your money that its possible.
I only keep like 20 at MOST in my cash app and I only deposit money in my bank account when I have to pay a bill
Cash app is insurance 💀
don't know when this was uploaded but cash app is actually fdic insured up to $250k
Cash app has banking license! lol it’s all insured
The banking is fdic-insured tho. They're backed by banks (ex: sutton bank) which is what makes the money well, money
Love the song
I’ve never had a problem with Venmo and I got bank in it
Gotta keep money in my brokerage account. Better interest plus investment returns lol
Bamls also mess with your money. How do you think they give people loans?
only if your account is not linked to a cashapp card or a debit from your bank
funds in cashapp are insured if you have a cashcard linked because then it is under sutton bank which is FDIC insured
Bro I have some money in my cash app but it won't let me spend it on nothing for some reason?
Tell me you didnt research without telling me you didnt research
I keep mine in stocks to make profit for ME! Not them.
Yeah, you post to lock your card when you’re not using it
How fake do you want this to be?
Yes.
The great depression be like
It says its fdic insured in the app 😂
nah bro my bank took my money
Cashapp is fdic insured, and that’s how banks work
No he’s incorrect you can keep cash in your account! But I woukd just have like 800$ or 1000$ no more than 2k$!
Why no more than 2k 🤔
@@n1n1pan1n1 Policy probably
So whenever the paypal wallet filled with $100 transfer it into your Bank Account.. And thats the way u can use paypal safely .. In future if they bankrupt then you lose only $100 .. Thats the idea you can follow...
Cash App has FDIC insurance it's even stated in the app smh
Venmo gives you fee it wont have a high chance of going bankrupt it is a very low chance
imagine thinking that trusting a bank is different from a bank app lmao
what about apple cash
Yea Venmo spent all my money
.... And Cash it out from the ATM (Withdraw it) As Soon As Possible (ASAP)
I think American need UPI because it’s fast, free, easy and very secured
Idk I don’t even got that much on cash app
Well paypal alrdy known for limiting and charging crazy if u get cbd already
Bro just lock your card so they don’t take money out your account.
Me: hack it
Stripe is superior than Paypal
I think American need UPI 😂
Cash app gon give me my money trust me
Facts
it is fdic insured bro
These guys make money off of trying to scare ppl on this app
Bro they ARE FDIC insured 😂 this guy. Don’t believe everything you hear on the internet
I only keep like 30 bucks in my acc anyway
i dont have any cash app, venmo none of them. so my question is this ...do i have to link my personal debit card to this app? im so skeptical about that
What do you mean? When it comes to loading your Cash App, Venmo, or PayPal balance, you have to link both your debit card and checking account just to load funds, unless you want to load the account with cash at a store for a small fee depending on location.
If you have a cash card with cash app it is indeed FDIC insured stop lieing
Can’t u just lock ur card
Damn, scrolling through this comment section I seem to see more comments against you rather than with you lol I think you should be making videos of stuff you like to do instead of posting stuff that you know nothing about lol
I use Cash App and i never lost anything, wheres this coming from?
What is venmo in fornttie temrs
Mans wrong look at the bottom yall …. But I will say sucks there isn’t no one to really talk to or place to go like a normal bank
It legit says fdic insured so ur wrong
This video is a complete lie. All of these are banks. Never keep the money floating from app to app but if you park it in the savings portion of the app it's as safe as any bank.
CashApp is not safe!
:v great at convincing yourself
How
Hey, you trying to make a video of something like that but yet you using fake clips 😭, even putting “15,030” on that pay/request screen when you don’t even have that in there 😭😭
Which big boss teaches how to use mnemonics, friends say there is U (Wave field)figure step orange legend silly copper faint place category injury kangaroo stove
Advice I didn't need , because I'm not d*MB 🙄
PayPal isn't a good option cuz fees but your wrong actually
thats best
Bro is a hater lol
This is untrue
Just like banks too, once they go out of business, your money is stuck there forever
Maybe you should gus only use cash