2023-01-25 21:00:11

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

Logo 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.

Save: This credit card has one of the longest 0% intro APR periods around

More: Save while you pay off debt with one of these top-rated balance transfer credit cards

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.

Continue read on nasdaq.com

Logo U.S. News & World Report
PoliticsBy Associated Press2023-01-25 18:15:59
NEW YORK (AP) Goldman Sachs no longer wants to be the bank for everyone. The storied investment bank spent eight years attempting to expand its business...

Logo American Banker
Business / FinanceBy Jordan Stutts2023-01-24 21:45:51
Popular Bank has agreed to pay a $2.3 million fine to the Federal Reserve in connection with six fraudulent Paycheck Protection Program loans that the bank...

Logo American Banker
Business / FinanceBy Rodrigo Liang2023-01-25 15:26:02
Anyone who might have doubts regarding the extent to which technology has changed banking only needs to compare the trading floor of the mid-1990s to the...

Logo Daily Mail
Business / FinanceBy Adele Cooke2023-01-24 21:50:46
When Christopher Cook withdrew a 20 note from a Sainsburys cash machine in Sherborne, Dorset, last April he noticed it had two squiggly lines on the Queens...

Logo American Banker
Business / FinanceBy Carter Pape2023-01-25 20:14:39
As the man in charge of information security at his bank, Rusty Haferkamp has to be cautious, and it shows. Haferkamp gets an email whenever an employee...

Logo Nasdaq
Business / FinanceBy Go Banking Rates2023-01-24 13:00:18
You may think youre too smart to fall for fraud or scams but think again. Anyone, no matter their age, gender, education or income level, can be a victim of...

Logo PR Newswire
TechnologyPress Release2023-01-25 16:59:00
Outlines what true digital transformation means and what it looks like for financial institutions PLANO, Texas, Jan. 25, 2023 /PRNewswire/ -- Alkami...

Logo American Banker
Business / FinanceBy John Reosti2023-01-25 19:31:37
Unity Bancorp opened a branch in Lakewood, New Jersey in December. Unity has announced plans to open two additional branches in 2023. "During a time when...

Logo Fortune
Business / FinanceBy Ben Weiss2023-01-25 20:40:42
The company behind the popular payment service, Zelle, is launching a new wallet to compete with payment behemoths PayPal and Apple Pay.

Logo PR Newswire
NEW YORK, Jan. 24, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Provident...

Logo Fortune
Business / FinanceBy Chloe Taylor2023-01-25 16:16:34
Shares of Adani Group companies plummeted after its founder was accused of pulling the largest con in corporate history.

Logo American Banker
Business / FinanceBy Jim Dobbs2023-01-25 20:29:40
Coming off its acquisition of MUFG Union Bank, U.S. Bancorp expects that earnings gains from the deal and the company's substantial new scale in California...

Logo Benzinga
Business / FinanceBy Pr Newswire2023-01-25 21:06:00
Delivers Record Full Year Revenue and Earnings Growth Despite Challenging Environment SAN FRANCISCO, Jan. 25, 2023 /PRNewswire/ -- LendingClub Corporation...

Logo American Banker
Business / FinanceBy Polo Rocha2023-01-25 19:31:23
Capital One Financial recorded a healthy increase in deposits last quarter, which led to higher interest expenses and offered a contrast with banks that are...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-24 20:00:00
Lending and Investment also given "Outstanding" ratings; Service receives "High Satisfactory" rating U.S. Bank announced today that it has received the...

Logo PR Newswire
QUINCY, Mass., Jan. 24, 2023 /PRNewswire/ -- CFSB Bancorp, Inc. (the "Company") (NASDAQ Capital Market: CFSB), the holding company for Colonial Federal...

Logo PR Newswire
TechnologyPress Release2023-01-25 14:00:00
New Research Will Focus on Financial Services Innovators & Providers, Advance the Ongoing Public Conversation About Who Should Benefit from Innovation...

Logo EIN Presswire
- MOCA Provides Essential Products for Community Financial Institutions to Compete with Neobanks AUSTIN, TEXAS, UNITED STATES, January 25, 2023 /...

Logo Bloomberg
PoliticsBy Jessica Karl2023-01-24 22:34:48
This is Bloomberg Opinion Today, a common currency of Bloomberg Opinion’s opinions. Sign up here. Imagine being such a specific type of horrible that you get...

Logo Benzinga
Business / FinanceBy Business Wire2023-01-25 14:59:00
KBRA Analytics releases this month's edition of The Bank Treasury Newsletter, the Bank Treasury Chart Deck, and Bank Talk. This month's newsletter, Bank...