this post was submitted on 22 Nov 2024
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295
'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis (www.cnbc.com)
submitted 1 week ago by [email protected] to c/technology
81 comments fedilink hide all child comments
 

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€“] [email protected] 8 points 1 week 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 3 points 1 week 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."