Is Banking Stable, and Traditional vs. Online Banks

NerdWallet's Smart Money Podcast

NerdWallet Personal Finance

Business, Education, Investing, How To

4.2 • 665 Ratings

🗓️ 27 March 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The banking system has been feeling less than stable lately. But how worried should you really be? To start this episode, Sean and Sara discuss the concern. Then Sean and Liz answer a listener question about how to choose between an online and a traditional bank. To send the Nerds your money questions, call or text the Nerd hotline at 901-730-6373 or email [email protected]. Timestamps: This Week in Your Money segment: 0:00 - 6:21 Money Question segment: 6:22 - 25:13 Like what you hear? Please leave us a review and tell a friend. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Prime Video brings thrilling entertainment.
0:03.0	Watch Heavyweight Detective Breacher, Season 3 included with Prime.
0:07.0	Exactly how much danger is this job putting me in.
0:10.0	Treat yourself to the lovably chaotic Bridget Jones mad about the boy available to buy.
0:15.0	Did you have sex? Did you have sex?
0:17.0	Did you have sex last night?
0:19.0	Yes! And it was amazing!
0:23.0	Whatever you're into, it's right here.
0:25.3	Prime Video.
0:27.1	Click or tap the banner to find out more.
0:30.6	The banking system is feeling shaky.
0:34.1	In the U.S., two large financial institutions failed in the last few weeks.
0:38.3	The FDIC agreed to cover customers' deposits in full, which means all the bank's clients will get their money back.
0:44.3	Still, these are the biggest bank failures since the 2008 financial crisis.
0:49.3	So this week, we're all about banking.
0:51.3	Sarah and I will start by talking about how worried we need to be about
0:55.2	the turmoil in the banking system. Then Liz Weston and I will dig into a listener question
1:00.3	about how to decide between a traditional brick and mortar bank or an online bank.
1:20.6	Welcome to the Nerd Wallet Smart Money podcast, where you send us your money questions, and we answer them with the help of our genius nerds.
1:21.5	I'm Sean Piles.
1:23.0	And I'm Sarah Rathner.
1:24.8	Do you have a money question for the nerds? Call or text us on the nerd hotline at 901-730-6373.
	...

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