I can already imagine the look on the VC’s face when I say I’m gonna charge a $100M deposit account $9.99 a month 😂😂😂 (If I can get a $20M on $100M terms from a FC investor I’ll pivot to this TODAY 😩💰🫡)
I guess the FDIC is underwriting the risk… poorly
Swiss banks charge for deposits so I guess it checks out
It’s just a database entry.