Should Have Used A Black Bank - Lil Boosie Robbed By Capital One For $469,000

[Juliano Soprano]

The fukk you talkin bout

Boosie speaks out against the police like every other verse

Some yall just say whatever on here for daps

shyts hilarious, Boosie boo been shyttin on police for like 15 years, coil cats lame af

 

[10bandz]

real shyt though I'm moving my $ to a black bank soon. Should've done it a lot earlier

 

[KravenMorehead™]

Same thing happened to me with B of A, got hit for $16K. And just like Boosie I ended up having to eat it. If it's a business account you don't have FDIC insurance like a personal account. That's why now the account I use for debits is not associated with my other accounts. Don't trust banks, I done seen some f*cked up sh*t in the MIA, that's all Imma say, greeks with their mattress money got their sh*t right. Never keep more than whats FDIC insured in your account, keep as much in your PERSONAL accounts if possible, because for consumer law the bank automatically has to credit you the money until the case is solved. If you must have a commercial account never use one account for everything, and see if possible you can get the account insured by the bank (some banks will offer insurance/fraud protection on certain types of business accounts). And I hate to say this but Capital One is the last bank in the world I'd deposit $500K in. When you have that kind of money you need to deal with Big Banking (Citi, Chase, B of A, Wells Fargo, etc) Capital One will go to war with you over $500K because they ain't liquid like that.

Wish I could bookmark this.

 

[Blackout]

Same thing happened to me with B of A, got hit for $16K. And just like Boosie I ended up having to eat it. If it's a business account you don't have FDIC insurance like a personal account. That's why now the account I use for debits is not associated with my other accounts. Don't trust banks, I done seen some f*cked up sh*t in the MIA, that's all Imma say, greeks with their mattress money got their sh*t right. Never keep more than whats FDIC insured in your account, keep as much in your PERSONAL accounts if possible, because for consumer law the bank automatically has to credit you the money until the case is solved. If you must have a commercial account never use one account for everything, and see if possible you can get the account insured by the bank (some banks will offer insurance/fraud protection on certain types of business accounts). And I hate to say this but Capital One is the last bank in the world I'd deposit $500K in. When you have that kind of money you need to deal with Big Banking (Citi, Chase, B of A, Wells Fargo, etc) Capital One will go to war with you over $500K because they ain't liquid like that.

Whats your opinion on Credit Union use?

 

[blackzeus]

Whats your opinion on Credit Union use?

Get to know your bank top to bottom. As long as your accounts are FDIC insured it's ok. Credit Unions are good for getting loans, not depositing large amounts of cash. It only takes a few bad mortages for a credit union to go belly up. That's why most rich people bury their money in assets, it's a lot harder for you to get scammed out of stock or real estate you own then out of your bank account. I think the other day I was reading about a story about some casino getting scammed for like 80 million, the money got wired to the Philippines and the government basically told the casino to . Would you invest $100K in a car dealership, laundromat, grocery chain etc without first investigating it thoroughly? No of course not, so treat you bank the same way. Read all the fine print, make sure you have in writing/email their policies towards bank fraud, their reimbursement policies, insured limits etc. Credit unions are a great way for earning interest on your money, they pay aggressive rates so they can keep your deposits. I'd say rule of thumb is that if they wouldn't approve you for a loan, don't deposit there, they don't value your business enough to care to lose you to an unresolved fraud case.