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Forum » Is Starbucks secretly a bank?
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Thread: Is Starbucks secretly a bank?

post 1645980033 08-29-2021, 02:45 PM
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Is Starbucks secretly a bank?

The Starbucks card can be topped up with cash to spend at any Starbucks, giving users rewards for their purchases.

The total balance on Starbucks cards is over $1.6 billion.

In other words, customers are lending Starbucks $1.6 billion in cash…

at 0% interest!

To put that in perspective, 85% of US banks have less than $1b in total assets.

Starbucks isn’t regulated as a bank because users can’t withdraw their balance as cash.

This means they aren’t effected by various regulations, including the need to hold a large cash balance in case of mass withdrawals.

They are free to spend this loan on whatever they want, such as opening 350+ new stores per quarter.

To top it off, the Starbucks app is the second most used mobile point-of-sale payment platform in the US, sitting between Apple Pay and Google Pay.
post 1645980223 08-29-2021, 02:47 PM
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Yes they are.

Those mobile transaction turned that company around.
post 1645980503 08-29-2021, 02:52 PM
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Pepsi max I love it
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post 1645980773 08-29-2021, 02:55 PM
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Originally Posted By notbadnotbrad⏩
The Starbucks card can be topped up with cash to spend at any Starbucks, giving users rewards for their purchases.

The total balance on Starbucks cards is over $1.6 billion.

In other words, customers are lending Starbucks $1.6 billion in cash…

at 0% interest!

To put that in perspective, 85% of US banks have less than $1b in total assets.

Starbucks isn’t regulated as a bank because users can’t withdraw their balance as cash.

This means they aren’t effected by various regulations, including the need to hold a large cash balance in case of mass withdrawals.

They are free to spend this loan on whatever they want, such as opening 350+ new stores per quarter.

To top it off, the Starbucks app is the second most used mobile point-of-sale payment platform in the US, sitting between Apple Pay and Google Pay.
Why are you back?
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post 1645981083 08-29-2021, 02:59 PM
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Originally Posted By Dontoewsmebro⏩
Why are you back?
Asked for a 6 month ban, once 6 months were up I decided to post again.
post 1646017383 08-30-2021, 05:38 AM
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Originally Posted By Dontoewsmebro⏩
Why are you back?
Not a bank, The card system they use is a product by various companies which are mainly based out of Texas and are FDIC regulated.
post 1646017583 08-30-2021, 05:46 AM
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No, it's not like holding fiat in a checking or savings account which banks can use to give loans or in some instances invest in real estate/stocks. Starbucks cards are basically like reloadable gift cards connected to a store account that gives you points for purchases. Most places, even places like Wendys or Amazon have loyalty rewards programs like this to encourage spending and offer promos to entice people to put money into those accounts, which I am sure they are not able to withdraw out of once they're deposited

Regardless, $5-10 designer coffees/lattes and ice tea is a bad investment for most people, so it might as well be a 0% loan that Starbucks can use to buy back its own stock or open up new locations.
post 1646017843 08-30-2021, 05:52 AM
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are u a gaybastard
that keeps posting men
with cocks being fuked
u stupid twink altgenerator
communist phaq?
stop attacking capitalist
companies and pay for
the overpriced coffee
and fuk
you
post 1646018773 08-30-2021, 06:23 AM
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Originally Posted By Kiop⏩
are u a gaybastard
that keeps posting men
with cocks being fuked
u stupid twink altgenerator
communist phaq?
stop attacking capitalist
companies and pay for
the overpriced coffee
and fuk
you
Lmao repped
post 1646018823 08-30-2021, 06:24 AM
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Fools and their money are soon parted.
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post 1646018943 08-30-2021, 06:27 AM
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I never understood what is so appealing with this store.


Their coffee is trash, their tea? Just lmao they use market teabag also everything is overpriced and they work as 'self service'.

Pure marketing srs. People probably think they are hotshot by going there
post 1646018983 08-30-2021, 06:29 AM
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I see you found out what YouTube is.

post 1646019003 08-30-2021, 06:29 AM
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Originally Posted By Sinan09400⏩
I never understood what is so appealing with this store.


Their coffee is trash, their tea? Just lmao they use market teabag also everything is overpriced and they work as 'self service'.

Pure marketing srs. People probably think they are hotshot by going there
You probably drink that GOAT Turkish coffee though. Everything probably seems like trash compared to it.
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post 1646019023 08-30-2021, 06:30 AM
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Originally Posted By Sinan09400⏩
I never understood what is so appealing with this store.


Their coffee is trash, their tea? Just lmao they use market teabag also everything is overpriced and they work as 'self service'.

Pure marketing srs. People probably think they are hotshot by going there
There isn’t anything special about Starbucks at all lol

The food is actually some of the worst of all time as well - just thinking of their food makes me nauseous

I haven’t equated Starbucks with luxury in over 10 years now. To me it’s synonymous with garbage. I wonder if other ppl still think it’s upscale.

McDonald’s coffee is the best chain coffee on that note
post 1646019093 08-30-2021, 06:32 AM
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Originally Posted By LtGoose⏩
I see you found out what YouTube is.
No I copied and pasted this post from someone on LinkedIn because I thought it was interesting and wanted to share with you specifically.

Really thought you’d appreciate this. Guess not.
post 1646019133 08-30-2021, 06:32 AM
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who the fuk actually goes to starbucks. BRB $5 bucks for a cup of joe... Get the fuk outta here.

Local roaster is far better and cheaper. If you're ever in KC I highly recommend the Roasterie, it's way better than sbux.
post 1646019143 08-30-2021, 06:33 AM
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Originally Posted By notbadnotbrad⏩
There isn’t anything special about Starbucks at all lol

The food is actually some of the worst of all time as well - just thinking of their food makes me nauseous

I haven’t equated Starbucks with luxury in over 10 years now. To me it’s synonymous with garbage. I wonder if other ppl still think it’s upscale.

McDonald’s coffee is the best chain coffee on that note
Dude I gather my own herbs for herbal tea, buy my tea (actual green tea) from a trusted farmer. I tell you these taste at least 10 times better than anything you find on starbucks. And again 10 times cheaper.

No coffee crew
post 1646019163 08-30-2021, 06:34 AM
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Originally Posted By Sinan09400⏩
I never understood what is so appealing with this store.


Their coffee is trash, their tea? Just lmao they use market teabag also everything is overpriced and they work as 'self service'.

Pure marketing srs. People probably think they are hotshot by going there
Many reasons.
But the only reason why i ever go starbucks is when travelling overseas it just feels easier going to a place which may be bad but you want a quick bite/drink without wasting time
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post 1646019443 08-30-2021, 06:43 AM
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Originally Posted By Ying2012⏩
Many reasons.
But the only reason why i ever go starbucks is when travelling overseas it just feels easier going to a place which may be bad but you want a quick bite/drink without wasting time
I also never understood why do people go to different countries and decide to go to international brands like burger king, starbucks etc? You have the same chit 5 mins away from where you live why not taste the culture isntead
post 1646019573 08-30-2021, 06:46 AM
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Originally Posted By Sinan09400⏩
I also never understood why do people go to different countries and decide to go to international brands like burger king, starbucks etc? You have the same chit 5 mins away from where you live why not taste the culture isntead
This is more so that starbucks are always near a airport, hotel or popular destinations. I wouldn't rely on starbucks, but after a long ride on bus or plane youll really eat anything that doesn't take too much effort to order + these areas are usually all generic international brands

end of day they are just convienient esp when you're not from the area or don't know coffee.
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post 1646019833 08-30-2021, 06:51 AM
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damn can't believe I used to get something almost every day from starbucks
post 1646021363 08-30-2021, 07:23 AM
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Originally Posted By notbadnotbrad⏩
at 0% interest!
Interesting thought overall in the OP, though I think you could even easily argue that Starbucks is giving negative interest (I assume they run a profit on their sales, and customers have restricted utility with their spending).
Originally Posted By Sinan09400⏩
I also never understood why do people go to different countries and decide to go to international brands like burger king, starbucks etc? You have the same chit 5 mins away from where you live why not taste the culture isntead
Food is for keeping me alive crew, dgaf (too much) about food tourism
post 1646021683 08-30-2021, 07:28 AM
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Originally Posted By notbadnotbrad⏩
There isn’t anything special about Starbucks at all lol

The food is actually some of the worst of all time as well - just thinking of their food makes me nauseous

I haven’t equated Starbucks with luxury in over 10 years now. To me it’s synonymous with garbage. I wonder if other ppl still think it’s upscale.

McDonald’s coffee is the best chain coffee on that note
McDs has decent coffee for the price...was actually surprised.
2:136
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post 1646023153 08-30-2021, 07:59 AM
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Originally Posted By ExPatriot⏩
Chitty overpriced coffee - not even once...

I bet you spent plenty of money there on #bagels!
No actually I haven’t. Thx.

Edit: she always got tim hortons bagels, Tim hortons is even worse than Starbucks
post 1646024423 08-30-2021, 08:30 AM
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Do you not realize how much better some American franchises are overseas like KFC and Burger King? First time I tried KFC in Asia I had a hard time even understanding how they're the same company. 100x better
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post 1646024973 08-30-2021, 08:43 AM
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Originally Posted By notbadnotbrad⏩
No actually I haven’t. Thx.

Edit: she always got tim hortons bagels, Tim hortons is even worse than Starbucks
You shut your whore mouth.
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Nothing worthwile is ever easy.

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post 1646025893 08-30-2021, 08:59 AM
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I appreciate this Brad
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post 1646027203 08-30-2021, 09:20 AM
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i always wondering why companies are hellbent on getting people on rewards programs. in the end its giving away free product. I know its an incentive to spend more at the store and overcome the lost but do bread crumbs like that actually make anyone spend more?

this idea of 0% loan makes a ton of sense but im guessing theres some sort of regulation that restricts them from actually using this money
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post 1646030233 08-30-2021, 10:15 AM
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I ate a girls ass out in a starbucks parking lot once and it tasted way better than anything they served inside (srs)
A million miles away - I don't.. feel.... anything.
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post 1646030953 08-30-2021, 10:25 AM
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Originally Posted By notbadnotbrad⏩
McDonald’s coffee is the best chain coffee on that note
trumpwrong.gif

Chickfila actually has the best fast food coffee.
Originally Posted By Sinan09400⏩
I also never understood why do people go to different countries and decide to go to international brands like burger king, starbucks etc? You have the same chit 5 mins away from where you live why not taste the culture isntead
Gee, I don't know - wake up jet lagged, click the app, oh there is a Starbuckies on the next block, order the usual, walk in and its waiting for me.
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