Thread: Zenus Bank?
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Old 08-23-2020, 08:34 AM  
ilnjscb
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Quote:
Originally Posted by ZENRA View Post
Doesn't appear to be FDIC insured, but if they can receive/send ACH's and Wires, could be a viable option for those in USA needing some type of passthrough business account if they're in a position where it's hard to get one through a 'normal' bank.
Very few US banks aren't FDIC insured, and most of those are grandfathered. Credit Unions have their agency. If it isn't insured, it probably is using a bank rather than being a bank. Look closely at the rules or you could wind up losing your dough.
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