Posted on 05/04/2023 12:49:03 PM PDT by mikelets456
How can Old Glory Bank be FDIC insured and still protect me from federal overreach? What makes Old Glory Bank so safe and secure for your deposits is that we are FDIC-insured up to $250,000 per depositor. We are not a “challenger” bank like so many of the online providers who partner with a third-party bank that controls things behind the scenes. We are a “real” bank and will have a great mobile banking solution. We will stand with you, no matter where you stand. Of course, Old Glory Bank will absolutely comply with lawful orders, including, for example, a garnishment to pay child support and lawful requirements to report your income. We will never be a bank for criminals or support criminal activity. Just the opposite. We believe in the rule of law and the U.S. Constitution. Therefore, if a government official requests that we punish or cancel you for lawfully attending a protest, we will not comply. If there is a request to punish or cancel you for conducting lawful business, that request will be unlawful, and we will not comply. If other banks (and tech companies) want to stand with their elite friends in government and media to punish and cancel Americans for fossil fuels, the meat industry, firearms, or speaking truth to power, that’s on them. Old Glory Bank will never punish or cancel customers for their lawful activities. Instead, we stand with you.
(Excerpt) Read more at oldglorybank.com ...
As my wife likes to remind me from her banking days, “FDIC insurance is backed by the full faith and credit of the United States government”. As long as you trust the government not to do something stupid and you are within the appropriate limits, you should be fine. Trust the government that much?
Can I open a branch in my neighborhood?
Isn’t it online only?
Yes.....everything can be done like I do with PNC right now. However, what happens if I get a insurance check that’s over $10,000? Do I have to mail it to them to deposit?
I suppose you have to send it in. What I meant to say is I do not think they have brick and mortar banks. I am not defending it, just stating a fact.
“Isn’t it online only?”
No. Located in Elmore City, OK
They do have a bank in OK, but everything else is online. You are correct...
There`s an app whereby you take a photo of your check and it gets deposited right into your bank account.
The infamous Greenspan quote : “We can guarantee cash, but we cannot guarantee purchasing power”
Old Glory Bank sounds great...
Do you really want to put your money in a bank run by a singer?
This is PT Barnum stuff.
He doesn’t run it just an investor.
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