this post was submitted on 22 Nov 2024
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293
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)
submitted 4 days ago by shoulderoforion@fedia.io to c/technology@lemmy.world
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CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

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[โ€“] jagged_circle@feddit.nl 8 points 3 days ago (1 children)

Dont they have to write in the footer WE ARE NOT A BANK

Usually that's what I look for

[โ€“] QuadratureSurfer@lemmy.world 3 points 3 days ago

They do write that, but it also says that your money is deposited in an FDIC insured account.

And, according to the article, they even gave you a routing number and account from Evolve:

When I signed up, they gave me an Evolve routing and account number."