Starbucks' Customer Cards Have More Money in Them Than Most Banks Have in Deposits

For most, grabbing a drink at Starbucks is a daily habit, so using the coffee giant's cards program is a no-brainer in terms of streamlining payment and acquiring rewards points. In a data review recently performed by The Wall Street Journal, numbers revealed that $1.2 billion USD were loaded onto Starbucks cards and its mobile app for the first quarter of 2016. The collective amount was more than what some financial institutions had in their possession -- reports revealed that deposits for the ...