ST Alpha - "Hmm.. fishy.. Bank account paying 2-4%. FDIC insured. Have you guys heard of Beam? -- (link)" (Reading a Post)

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Hmm.. fishy.. Bank account paying 2-4%. FDIC insured. Have you guys heard of Beam? -- (link)

Posted by James Bond (aka Igor) (aka Igor) Aug 23 '17, 20:39

(No message)

https://meetbeam.com/ (meetbeam.com)

Responses:

I bet Elon Musk is behind this. He's always up to something. -- nm - Mop Aug 23, 22:34
is that the one with the telepresence robots? -- nm - Beryllium Aug 23, 22:18
is that the one with the toothbrushes? -- nm - Beryllium Aug 23, 22:18
Is that the one that is online only with no branches? -- nm - Bacon Aug 23, 20:45 6
- Ally is an online-only bank and its my bank. -- nm - Mop Aug 23, 21:19
- I guess... they don't seem to exist yet anyone. Only waitlist and they will open in Nov -- nm - James Bond (aka Igor) Aug 23, 20:49 4
  - If they don't have branches with very little over head I see how they could use that money to pay savers -- nm - Bacon Aug 23, 20:56 3
    - I found more info, it doesn't seem like a bank at all. They seem like a middle man for a bank. I am not fully sure about their business model yet. -- nm - James Bond (aka Igor) Aug 23, 21:03 2
      - Sounds like they're funding mortgages and such through their 'partner' banks. - Meg Aug 23, 21:48
      - Okay, so as an investment that doesn't sound good, but FDIC means customers should be golden -- nm - Bacon Aug 23, 21:17

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