Blaze Radio Network.

And now, chewing the fat with Jeff Fisher.

This is incredible.

So Starbucks isn't just a coffee company.

It's a bank.

In 2022, it held over $1.6 billion in customer deposits.

And I think we've talked about that before, but we haven't

really talked about how they go about doing it and they're using your money for free.

I mean, we've talked about paying your bills early and how companies you could use that

money for free for however long you have until your actual due date, they can use that money for free. But every time you load

money into the Starbucks app or a gift card, you're giving Starbucks an interest-free loan. But you don't

get any interest back. There's no insurance. There's no rewards for holding your money. Starbucks gets all of that money for free.

So, for example, let's say you loaded $10 into your Starbucks card.

It doesn't move.

It just sits there waiting.

Meanwhile, Starbucks is using your money behind the scenes to grow faster, cheaper, and smarter on the subject.

So, like I said, in 2022, they had $1.6 billion sitting in Starbucks accounts,

and there's plenty of small banks around the country that don't have that money in their accounts.

But most of that money comes from small, unspent balances.

Say you load $25, you spend the $22.43 and you forget the rest.

I do not.

If I have $2 on a card, I use it.

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