Comment by anon4lol

Most states have laws on the books that forbid you from calling your business a "bank," "pharmacy," or other restricted business unless it actually is. Simply doing so is enough to trigger regulatory intervention. I'm really surprised that they are advertising their services as the "Hacker Club Bank."

Then I finally saw a disclaimer at the bottom of one of the pages: "Hack Club does not directly provide banking services. Banking services provided by Silicon Valley Bank, an FDIC-certified institution."

Seems a little sleazy to me, but still, a neat service.