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2
Posted on 3/14/23 at 5:45 pm to cable
quote:
My bank just got downgraded by Moody's and there is to much money in my account to just go pull it out
Oddly enough. If you had been banking with SVB (pre-shite show) you could have extracted that money with about 3 clicks on an iphone.
Posted on 3/14/23 at 6:49 pm to imjustafatkid
quote:
That's for bankruptcy courts to decide.
Another clueless clown. I really hope some of y’all’s banks go under so you’ll actually use logic in reason in your dumbass arguments.
Posted on 3/14/23 at 7:44 pm to DCtiger1
Well if the FDIC raises the insurance to basically the sky, it will have a ripple effect on every FDIC institution and eventually even small community banks would be forced to raise rates.
Not sure it would come to that from two banks failing but definitely not a good scenario if it were to happen.
ETA: couldn't read the article due to paywall but I am curious if the La Bankers Association is going to/ or has issued any statement on this.
Not sure it would come to that from two banks failing but definitely not a good scenario if it were to happen.
ETA: couldn't read the article due to paywall but I am curious if the La Bankers Association is going to/ or has issued any statement on this.
This post was edited on 3/14/23 at 7:46 pm
Posted on 3/14/23 at 8:06 pm to goofball
I just finished wiring all my money to a new bank
Posted on 3/15/23 at 12:30 am to DCtiger1
quote:
Another clueless clown
Not me. I know exactly what I'm talking about.
Reality is this bank would have gotten purchased by another bank, but if not then what needed to happen is for all of the banks assets to be sold and all depositors to be made as whole as possible.
You know, like a bankruptcy.
Posted on 3/15/23 at 4:01 am to cable
quote:
My bank just got downgraded by Moody's and there is to much money in my account to just go pull it out
If you are that worried, Walk-in and ask for a cashier’s check for the balance over 250k and go to another bank and open another bank account with the cashier’s check.
You can even do that online and setup a transfer to your new account online. Heck Capital One is giving money away with 3.4% savings accounts with no limits. My niece had 26k in an old Capital One savings account that only pays .3% interest and I told why is it there, you should transfer it to a new account to get the 3.4% interest rate. She is missing out on over 65 dollars a month in interest.
Posted on 3/15/23 at 9:20 am to DCtiger1
quote:So, businesses also max out at $250k?
No, there is no discrimination on who the depositor is. It’s 250k period
Posted on 3/15/23 at 9:34 am to Scruffy
FDIC insurance is per entity/person and Not per account(s) you have. If an individual has 10 personal accounts at $250,000 each that will not help them increase their FDIC insurance at that bank. It goes by social/TIN numbers.
Yes businesses also have $250k max FDIC unless they have some type of sweep set up at that bank.
Yes businesses also have $250k max FDIC unless they have some type of sweep set up at that bank.
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