Random banking stuff

[buddykat]

For all of my friends worried about the banking collapse that is happening around us and if their money will be safe.

This web site calculates your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts and gives you a printable report for each bank on whether your deposits are within or exceed coverage limits. Leave a comment

Comments

[jeran]

To be honest, my concern isn't with losing the money. It's with the disruption that occurs when the bank gets taken over. There's a time there when direct deposits may go in but getting the money back out to use may be difficult because of withdrawal restrictions, branches being closed and such. And of course issues with merchants not being willing to take checks drawn on that bank because they don't want to be in the middle of someone else's financial mess.

[bovil]

I'm with a credit union. It still runs the old way banks used to run.