[arosier]

How does users being able to withdraw their money immediately affect your business model? How are you preventing someone from depositing/withdrawing the same $25 a billion times per week?

[adammoelis]

There is a federal requirement with savings accounts that you can only make 6 withdrawals per month. Right now that has been lifted due to covid, so there is no limit.

If you withdraw, you lose tickets so that is a deterrent to continuing to deposit and withdraw to game the system

[mrjaeger]

Is there a limit to the amount of money you can withdraw at once?

[Jommi]

Its a savings account so you can only withdraw 4-6 times a month.

[adammoelis]

The regulators actually lifted this cap recently, so it's now unlimited most places. But this is temporary from covid.

They wanted people to have more flexible access to their funds given given the macro environment.