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Re: e-ore post# 68503

Thursday, 05/21/2020 9:03:57 PM

Thursday, May 21, 2020 9:03:57 PM

Post# of 73930
You are correct. They are not a retail bank. But neither is my broker and I get monthly statements from them, though their deposits don't exist in "their" bank. They take deposits and pay withdrawals. They even have a high yield savings account (that's dispersed between 6 major banks so I get FDIC insurance on any balance) that I can do direct deposits and automatic bill pay. A little different kind of money management service than PBC, but you get the idea.

edit: I shouldn't say broker. They are a wealth management firm that invests on your behalf. I don't actually personally trade stocks through them.