What are your guys thoughts on potential bank runs with SoFi?
No brick and mortar locations. All digital, FDIC insured bank.
Seems like farther down on the totem pole than other smaller banks when it comes to bank run?
What are your guys thoughts on potential bank runs with SoFi?
No brick and mortar locations. All digital, FDIC insured bank.
Seems like farther down on the totem pole than other smaller banks when it comes to bank run?
I wouldn't count on that. I've seen many online banks get closed back in 2007/08. However, FDIC works, at least for now.
