2023-01-25 21:00:11

This Is the 'Worst' Bank in the World, According to Wall Street Expert Vivian Tu

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Nasdaq
By The Motley Fool

Image source: Getty Images

Some of the big banks definitely don't have the best reputations. There are plenty out there that pay paltry interest rates and ding clients with costly fees. So, when the subject of the worst bank in the world comes up, you might already have a name that springs to mind.

No matter which bank you're thinking of, financial influencer Vivian Tu says "you're wrong." On her social media channel, Your Rich BFF, she recently revealed that the worst bank in the world is Starbucks. Wait, what? Yes, she's talking about the coffee giant, and she has an interesting point here.

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Why Vivian Tu says Starbucks is the worst bank in the world

Starbucks may not actually offer bank accounts, but it does hold on to a whole lot of its customers' money. It does so thanks to physical and electronic gift cards. Customers have the option of buying physical gift cards or loading money to an electronic gift card through the Starbucks app using its "Scan & pay" option.

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