10/02/2026
💰 Money Matters Friday with AHSTW FBLA!
This week’s topic: A Yotta Trouble
What happens when your savings app shows a balance, but you can’t access your money? This week, AHSTW FBLA is sharing Next Gen Personal Finance’s FinCap Friday episode about Yotta and the importance of knowing who actually holds your savings.
Yotta customers experienced problems accessing their money following the bankruptcy of Synapse, a company connecting financial apps with banks. The FDIC explains that deposit insurance does not cover the bankruptcy of a nonbank company.
🔎 Questions to consider:
• Is the app a bank, or does it partner with one?
• What protections apply to your money?
• Do you keep statements and transaction confirmations?
Watch this week’s FinCap Friday episode
AHSTW FBLA shares financial information and practical tips, not personal financial advice. Follow along each Friday and join the conversation! 💙💛
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