Welcome to ConsoleCrunch!

Sign up to take full advantage of all the sites benefits and content!

Google Wallets New Security

Not open for further replies.


Moderator af‮
Money stored in a Google Wallet account is now secured by the FDIC, giving Google Wallet the same level of protection as an account at a traditional bank.

Yahoo Finance confirmed that Google recently changed how it handles money with its digital wallet service. These changes now put Google Wallet within FDIC standards, which will protect funds up to $250,000 USD. This means if Google happens to go bankrupt, you won't have to go to court to get $250,000 USD of your money back. PayPal and Venmo, who offer similar services, don't offer this type of protection.


IGN reported its launch in 2011.


Console Crunch Bot
ConsoleCrunch Bot
Hello @Yenix,

This is an automated reply. This thread has been closed due to it being 14 days since the last post. If you need your thread reopened, please contact an Admin to request it.
Not open for further replies.