Report: Funds stored in Google Wallet are now FDIC insured
Most of the money transfer services that have popped up in Silicon Valley over the last several years don’t directly offer any federal-level insurance, and Google Wallet—until today—was a pretty good example. But now, according to a report from Yahoo Finance, Google is adding FDIC insurance to the money you keep in your Wallet Balance by storing your funds in various FDIC-insured banking institutions…
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