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Old 08-20-2020, 11:41 AM   #1
yuu.design
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Zenus Bank?

A friend of mine told me this morning about this new digital bank that allows people to create a US bank

Does someone know more about them?

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Old 08-20-2020, 11:45 AM   #2
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Sounds like transferwise clone. Xapo also announced how they will transfer into US digital bank. Will see what will be from it.
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Old 08-20-2020, 12:16 PM   #3
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That sounds like great news, yuu . . .
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Old 08-20-2020, 01:21 PM   #4
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Looks interesting! But also possibly expensive.
Let's see!
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Old 08-20-2020, 01:34 PM   #5
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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.
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Old 08-23-2020, 08:34 AM   #6
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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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