@ecommjess: What Venmo does with your account balance #money #shopping #family #friends #savemoney #moneytok #LifeHack #holiday #bank #investing #interest

ecommjess
ecommjess
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Region: US
Thursday 01 December 2022 00:22:50 GMT
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hexastore
hexastore :
This is how all these apps work. This is how banks work!! Who is surprised on this.
2022-12-01 01:04:59
83
tedman1138
tedman1138 :
Same for Starbucks account.
2022-12-01 00:32:13
33
dc_richie
Richie :
Can you teach us more about high-yield savings !
2022-12-02 02:12:14
11
4evaafam
4evaafam :
Which is the best bank for a High Yield savings account would you recommend?
2022-12-01 06:21:39
3
g_88988488
g_88988488 :
All banks invest a portion of your money though, that’s what banking reserves are all about. Obvs venmo isn’t great for many reasons.
2022-12-04 23:09:32
3
ajohnson30125
Angela Johnson :
What about cash app?
2022-12-02 17:08:21
3
mmohr1
m mohr :
WHY IS THIS LEGAL
2022-12-01 20:02:20
2
aaronjg682
Mr. Edward Nigma :
I use my venmo balance to pay my venmo credit card. never leaving it there, the rewards are ok though.
2022-12-07 22:54:18
2
hiba_h1238
hiba hibaa :
yea venmo hasn't ever let me cash out
2022-12-05 04:29:27
2
stezzysslice
Andrew :
This is like how the world works … 😅
2022-12-03 18:53:01
2
cup.half_full
Mia Alverson Fatool :
What is a “high yield savings “ account? It’s not my regular savings account at the bank- right?
2022-12-03 01:57:32
2
nursewithscrubs
Sarah || MILLENNIAL MOM || :
Me immediately transferring my 20
2022-12-02 17:08:49
2
snehuur
sneha :
@such837 @nehaxnagesh
2022-12-01 23:40:51
2
elementgrrl
Jai Devi :
Doesnt starbucks do that too?
2022-12-05 00:17:29
1
reneebridge212
Renee212 :
Yup, always remove $ asap from Venmo bc suspected they do this + no fdic. FTX thing made me think about this as well 😳
2022-12-01 05:13:17
1
mandalajoy
MandalaArt :
Also doesn’t the bank do the same thing?
2022-12-01 12:05:16
1
ash..leylauren
AshLauren :
Apply pay too?
2024-01-03 02:27:33
1
zggtf211
Zane Gifford :
how is that different from regular banks?
2022-12-07 12:43:46
1
hombredoce
Hombredoce :
Never let my Venmo account get over $80 before transferring it to my bank.
2022-12-01 08:30:48
1
dogmomera0822
💜Kria Anne💜🐶🐶🌴 :
I never leave money in them. Usually it’s ppl paying me back for something. I need that money 😂
2022-12-01 02:10:33
1
bird_brainss
Bird.brainss :
How about Bitcoin and Stocks we buy through Cashapp. !!
2022-12-01 01:02:43
1
sjaiwjwj82w292
user7245090024379 :
It’s just T-bills or short term treasuries…totally fine! Not risky. By definition.
2022-12-02 03:32:37
1
rubabdesu
Rubab :
This is how PayPal can steal your entire balance and not give it back to you for any reason they make up
2022-12-02 08:21:41
1
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