Originally Posted by
t0dd0
From One website:
ONE is a financial technology company, not a bank.
Banking services provided by Coastal Community Bank, Member FDIC.
Yet the services One is advertising are banking services, including FDIC insured savings products
So this is an interesting look at banking. I wonder if One considers themselves like a Crypto bank, unregulated and can do anything they wish with your money, like make 'donations' to various influential groups??
Thanks for pointing this out. It now makes me even more reluctant to get involved with them until others get their money back. They should write the CFBP for resolution. A 'normal' bank wouldn't hold funds on closed accounts for more than several weeks.