PayPal Savings may be a good choice if you regularly use the PayPal app and want to open a high-yield savings account. Since PayPal isn't a traditional brick-and-mortar bank, the account has some ...

Money stored in payment apps often lacks federal deposit insurance protection. Basic security practices significantly reduce ...

datawrapper-chart-1ZMaL PayPal allows users to send money to each other via a linked bank account, a debit card or a credit ...

The table below illustrates the spotty or nonexistent status of insurance coverage across the payment app landscape: PayPal PayPal Balance account "Funds are eligible for pass-through insurance if ...