Spencer Tierney

or in the case of bank divisions, confirm the parent bank's website. And last tip from me, if you see the word direct in the name of a financial institution like UFB Direct, Popular Direct, or Brio Direct, it's a good indicator that it's a bank because direct bank is an industry term for an online bank.

or in the case of bank divisions, confirm the parent bank's website. And last tip from me, if you see the word direct in the name of a financial institution like UFB Direct, Popular Direct, or Brio Direct, it's a good indicator that it's a bank because direct bank is an industry term for an online bank.

Okay, that is all good to know. So for the sake of our listener Jocelyn's question, this would mean that the funds that they have in their UFB savings account are FDIC insured. So Jocelyn, good news.

Okay, that is all good to know. So for the sake of our listener Jocelyn's question, this would mean that the funds that they have in their UFB savings account are FDIC insured. So Jocelyn, good news.

Okay, that is all good to know. So for the sake of our listener Jocelyn's question, this would mean that the funds that they have in their UFB savings account are FDIC insured. So Jocelyn, good news.

Reading the website's fine print is, again, the answer. You'll typically see text such as, institution name is a financial technology company, not a bank. Banking services provided by. And then you see a bank name, usually followed by member FDIC.

Reading the website's fine print is, again, the answer. You'll typically see text such as, institution name is a financial technology company, not a bank. Banking services provided by. And then you see a bank name, usually followed by member FDIC.

Reading the website's fine print is, again, the answer. You'll typically see text such as, institution name is a financial technology company, not a bank. Banking services provided by. And then you see a bank name, usually followed by member FDIC.

Sure. Let's get nerdy. So I'm there. And what I'm seeing is right at the top, it says the number one most loved banking app. But then scrolling, looking for fine print, lots of nice modern graphic millennial oriented images. Let's see. Let's see. Wow. So many images here. Then at the bottom, it says Chime is a financial technology company, not a bank. Banking services are provided by

Sure. Let's get nerdy. So I'm there. And what I'm seeing is right at the top, it says the number one most loved banking app. But then scrolling, looking for fine print, lots of nice modern graphic millennial oriented images. Let's see. Let's see. Wow. So many images here. Then at the bottom, it says Chime is a financial technology company, not a bank. Banking services are provided by

Sure. Let's get nerdy. So I'm there. And what I'm seeing is right at the top, it says the number one most loved banking app. But then scrolling, looking for fine print, lots of nice modern graphic millennial oriented images. Let's see. Let's see. Wow. So many images here. Then at the bottom, it says Chime is a financial technology company, not a bank. Banking services are provided by

the Bancorp Bank NA or Stride Bank NA members FDIC. So you're getting mixed messaging here. It says the number one most loved banking app, but then it says it's not a bank. With this mixed messaging, I can see why people would have a really hard time parsing between a neobank and an online bank.

the Bancorp Bank NA or Stride Bank NA members FDIC. So you're getting mixed messaging here. It says the number one most loved banking app, but then it says it's not a bank. With this mixed messaging, I can see why people would have a really hard time parsing between a neobank and an online bank.

the Bancorp Bank NA or Stride Bank NA members FDIC. So you're getting mixed messaging here. It says the number one most loved banking app, but then it says it's not a bank. With this mixed messaging, I can see why people would have a really hard time parsing between a neobank and an online bank.

I'd say be aware of the risks of a neobank, but also prioritize what you need in your banking. Neobanks can be a lifeline for some people, especially low-income folks and others who might have a hard time at traditional banks. Banks can hit you with monthly maintenance and overdraft fees for not having enough money and ultimately kick you out.

I'd say be aware of the risks of a neobank, but also prioritize what you need in your banking. Neobanks can be a lifeline for some people, especially low-income folks and others who might have a hard time at traditional banks. Banks can hit you with monthly maintenance and overdraft fees for not having enough money and ultimately kick you out.

I'd say be aware of the risks of a neobank, but also prioritize what you need in your banking. Neobanks can be a lifeline for some people, especially low-income folks and others who might have a hard time at traditional banks. Banks can hit you with monthly maintenance and overdraft fees for not having enough money and ultimately kick you out.

Neobanks, however, are easy to sign up for and use, and many of their accounts don't have mandatory fees. They're also early adopters of new banking technology. Sometimes new banks have features such as early direct deposits or no fee overdraft services that are available years sometimes before online or traditional banks adopt them.

Neobanks, however, are easy to sign up for and use, and many of their accounts don't have mandatory fees. They're also early adopters of new banking technology. Sometimes new banks have features such as early direct deposits or no fee overdraft services that are available years sometimes before online or traditional banks adopt them.

Neobanks, however, are easy to sign up for and use, and many of their accounts don't have mandatory fees. They're also early adopters of new banking technology. Sometimes new banks have features such as early direct deposits or no fee overdraft services that are available years sometimes before online or traditional banks adopt them.