Uploaded July 2026 | Updated September 2026, 2 weeks ago

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Online banking isn't as safe as you think.

Silicon Valley-funded neobanks like PayPal, Venmo and Wealthfront offer lower fees and higher interest rates than big banks – and claim the same protections.

But thanks to Peter Thiel, Elon Musk, and other tech oligarchs, they operate in a legal gray area that makes your money less safe.

Producer: saninamillion
Editor: kungaaaaaaaa
Supervising Producer: Court Fuller