Quote:
Originally Posted by lagcam
You do know that "wallet" money being sent to an FDIC bank only protects you against the BANK going out of business?
If the account holder pisses all your money away on jets and movies, you are still fucked whichever bank the account was held at.
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But let be realistic and look at the choice we have now:
1) send money to a tiny offshore bank account
2) send it to multiple large bank account FDIC/CDIC or the equivalent insured.
Now if the card service do nothing wrong, but the bank default tell me which option is safer.
No card service is safe. But one is clearly safer than the other.