fyi Fidelity is also not a bank. They might be older, but they're just as much not a bank as Betterment or Wealthfront. Wealthfront gives you a statement from Green Dot, which is actually a bank. Charles Schwab and Chase are actual banks as well. Robinhood should not be trusted with more than beer money.

All banks suck. But there's a lot to be said for longevity and experience. Also the number of program banks that actually work with Fidelity is pretty long: https://accountopening.fidelity.com/ftgw/aong/aongapp/fdicBa...