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Old 02-09-2008, 01:54 AM   #10
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tessa1002
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Join Date: Aug 2006
Location: Akron, OH
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Re: RME is safe/ legit. right?

Quote:
Originally Posted by beenwaitingalongtime View Post
Not any bank I've had, but banks are backed by the FDIC--the gov't guarantees to have your money for you, no matter what. What's backing RME?
FDIC?

From the site:

"Account issued by First Bank & Trust, Brookings, SD, Member FDIC and part of the Fishback Financial Corporation."

Here is another quote from the site:

"Q. How does MoneyExchange work?

A. To use MoneyExchange, the first thing you need to do is sign up for a MoneyExchange account. When you sign up, you will establish a stored value account with First Bank & Trust, Brookings, South Dakota (Member FDIC), which is also referred to as your MoneyExchange account. "

Last edited by tessa1002; 02-09-2008 at 02:03 AM.
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