Accounts Deposit Account FDIC 
The Fintech Times
JANUARY 20, 2025
The new proposal will allegedly strengthen FDIC-insured depository institutions’ (IDI) recordkeeping for custodial deposit accounts with transactional features. It would also preserve beneficial owners’ and depositors’ entitlement to the protections afforded by Federal deposit insurance.
PYMNTS
MARCH 19, 2020
The Federal Deposit Insurance Corporation ( FDIC ) gave the green light to an application from the FinTech firm Square to create a de novo industrial bank in Utah, the agency said on Wednesday (March 18). FDIC staff found that Square satisfied each of the statutory factors required for approval, subject to certain conditions.
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PYMNTS
JULY 24, 2019
“If you look at where the big banks and brokerages make most of their money, it’s in their retail savings accounts.”. The average national yield of savings accounts is 0.10%, whereas Betterment’s annual yield is 2.69%. Like other FinTechs, Betterment will partner with FDIC-insured institutions since it doesn’t have a bank charter.
Stax
JANUARY 1, 2024
Business savings accounts are crucial to a sound organizational strategy. resident has only $1000 or less in their personal savings account. resident has only $1000 or less in their personal savings account. Accounts combining high-interest rates, no fees, and advanced online solutions are available.
PYMNTS
MAY 15, 2019
Safra Bank to offer its traders deposit accounts backed by the Federal Deposit Insurance Corp. FDIC) — the FDIC-insured accounts will be linked to a crypto prime dealer. “These are quite different from speculative assets like bitcoins, and more promising.”. And SFOX is partnering with New York-based M.Y.
The Fintech Times
SEPTEMBER 21, 2024
The Federal Deposit Insurance Corporation (FDIC) has proposed new regulations following the collapse of Synapse Financial Technologies , aimed at addressing the risks associated with bank-fintech partnerships. FDIC chairman Martin J.
PYMNTS
MARCH 26, 2020
As reported, those Americans with direct deposit account information stored with the Internal Revenue Service (IRS) — the conduit through which they get refunds — will get those payments within a few weeks after legislation is finalized and signed. Prepaid cards also can allow those without bank accounts (i.e.
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