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I'd recommend a PNC checking account. Solves a lot of issues related to storing value without counterparty risk.

• JonathanBeuys 4y ago
  • Gwypaas 4y ago
    FDIC insurance is backed by the full faith and credit of the government of the United States of America, and since its start in 1933 no depositor has ever lost a penny of FDIC-insured funds. https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation https://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corp...
    • JonathanBeuys 4y ago
      Many things happen that have not happened since 1933. You know what also was backed by the full faith and credit of the government of the United States of America? That you can get the value of your dollar in gold. That "backing" was also in place for over a hundred years. Until the government decided to just say "Sorry, we decided otherwise. You cannot get your gold out anymore.".
      • Gwypaas 4y ago
        What is the purpose of gold? It is a shiny metal with some nice electric properties. Exactly like platinum, copper or whatever else. The inherent "value" of it outside it's physical properties is as much of a human construct based on trust as the dollar.
  • hnews_account_1 4y ago
    From fdic insured banks, I’d imagine the answer is yes.
• arcticbull 4y ago
  Ally is a great option, and Schwab too. Both are neobanks that have very limited fees. Schwab even rebates all ATM fees globally and has three free wire transfers per quarter. [1] And uh, both are FDIC members. [1] https://www.nerdwallet.com/reviews/banking/charles-schwab-bank https://www.nerdwallet.com/reviews/banking/charles-schwab-ba...
• brianvli 4y ago
  What if you’re not a US citizen?
  • Gwypaas 4y ago
    Pretty much all developed countries have similar mechanisms. https://en.wikipedia.org/wiki/Deposit_insurance https://en.wikipedia.org/wiki/Deposit_insurance