Reserve Account Sucks
Been a member of Fold for 2 years now. I have been super supportive of them and literally told EVERY cashier about Fold and how amazing it was. How it was the first bank to allow you to hold both USD & BTC, how I was earning BTC by using fold for everyday transactions. How my ACH payments like my mortgage was earning BTC…
Now that they launched this reserve account I will loose lots of those incentives unless add USD to this reserve account. If I want to keep the same perks I have had for the past 2 years I will need add a minimum of $50,000 to this reserve account.
I’m all in on BTC and have minimal USD. I literally almost never have more than $1000 USD most the time, only adding more to cover upcoming bills like my mortgage. So if I was gonna hold $50,000 USD anywhere it would bot be here.
I would get more bang for my buck by placing that $50,000 on River and earning 3.5% back a month. That would be $1,750 a month profit… I would literally be making more money than my entire Morgage payment. The same mortgage payment that I would get 1.5% back on.
Don’t have a problem with Fold adding more features and growing, but taking away from members is crazy. Could you not just add higher percentages and rewards for those with $50,000 in a reserve account instead of punishing members that have been supporting you?
Now that they launched this reserve account I will loose lots of those incentives unless add USD to this reserve account. If I want to keep the same perks I have had for the past 2 years I will need add a minimum of $50,000 to this reserve account.
I’m all in on BTC and have minimal USD. I literally almost never have more than $1000 USD most the time, only adding more to cover upcoming bills like my mortgage. So if I was gonna hold $50,000 USD anywhere it would bot be here.
I would get more bang for my buck by placing that $50,000 on River and earning 3.5% back a month. That would be $1,750 a month profit… I would literally be making more money than my entire Morgage payment. The same mortgage payment that I would get 1.5% back on.
Don’t have a problem with Fold adding more features and growing, but taking away from members is crazy. Could you not just add higher percentages and rewards for those with $50,000 in a reserve account instead of punishing members that have been supporting you?
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MTMaguire Taney
Keep stacking
We love the Fold debit card. Been using it for a couple of years now. Works like a pre-paid card so it helps with budgeting. We’ve had an issue once or twice. Customer service has been excellent.
DDougd@hhi
Immediate Response and Resolution
A problem occurred on my Fold App, which I had never seen before. Contact with the support team turned that problem into a resolution with immediacy. Thank you for taking time out to meet my need!
YYhwhsown
Customer support
Nightmare experience with customer support and this app for over a year now
SS554420y21
Terrible
Spent 250$ on a card for them to not verify my identity what am I suppose to do. It should be a fine print saying you could possibly not be able to be verified. I’m just going to stick to using bitcoin on Cash App!!!!
NMNick Mayor
