Anyone else has money in small banks?

amother

Sun, Mar 12 2023, 12:14 pm

Anyone else beyond stressing about losing money that they have a small banks?
It is not possible to pull out before tomorrow, and even that might be a problem because banks are not cooperative.

amother

Clover

Sun, Mar 12 2023, 12:17 pm

What country are you in? Did something happen to make you suddenly panic?

I'm in the US and would only keep money in banks that are FDIC insured. So, even if itnis a small bank, I feel confident thay my money is safe.

amother

Sun, Mar 12 2023, 12:19 pm

amother Clover wrote:

They say many small banks will follow Silicon Valley as early as tomorrow.
It’s a total possibility given the crazy circumstances in the US.
FDIC insured is only up to $250k. We have more than that.

amother

Hyacinth

Sun, Mar 12 2023, 12:21 pm

amother OP wrote:

Why don't you split it up then? Easy enough and always a good idea to not keep all your eggs in one basket

amother

Chartreuse

Sun, Mar 12 2023, 12:21 pm

If you have less than $250,000 in each account then it is FDIC insured and you have nothing to worry about.

amother

Crystal

Sun, Mar 12 2023, 12:22 pm

amother OP wrote:

If you have another depositor on the account you're insured 250k for each depositor. It's really scary whats going on.

doodlesmom

Sun, Mar 12 2023, 12:26 pm

If your husband is on there as well it’s 500k.
You should really diversify starting tomorrow.

amother

Sun, Mar 12 2023, 12:27 pm

amother Hyacinth wrote:

Why don't you split it up then? Easy enough and always a good idea to not keep all your eggs in one basket

We can’t do that today as banks are closed.
It is what it is now. We can’t help that part.

amother

Pansy

Sun, Mar 12 2023, 12:29 pm

Right we are also busy trying to make sure there is only $500k in each account. It’s definitely scary to think about

amother

Sun, Mar 12 2023, 12:30 pm

amother Pansy wrote:

Right we are also busy trying to make sure there is only $500k in each account. It’s definitely scary to think about

Thanks for understanding. I’m shocked how many women here don’t get what’s going on.
I’m the only one on that account so that’s just 250k

amother

NeonOrange

Sun, Mar 12 2023, 12:32 pm

I posted about this warning everyone a year ago and people thought I was crazy.

amother

Red

Sun, Mar 12 2023, 12:32 pm

amother OP wrote:

Thanks for understanding. I’m shocked how many women here don’t get what’s going on.
I’m the only one on that account so that’s just 250k

I have checks from people that were waiting to be deposited and I'm petrified if they don't go through.

amother

Pear

Sun, Mar 12 2023, 12:37 pm

What's going on? I didn't hear anything about banks, you're all scaring me!
We have accounts at chase, what does this mean?

amother

Red

Sun, Mar 12 2023, 12:38 pm

https://www.linkedin.com/posts.....droid

amother

Red

Sun, Mar 12 2023, 12:39 pm

amother Pear wrote:

What's going on? I didn't hear anything about banks, you're all scaring me!
We have accounts at chase, what does this mean?

I think you're safer with one of the big 5 banks and Chase is the biggest.

amother

NeonOrange

Sun, Mar 12 2023, 12:41 pm

amother Red wrote:

I think you're safer with one of the big 5 banks and Chase is the biggest.

Not really. All banks are an issue.

amother

Sapphire

Sun, Mar 12 2023, 12:41 pm

What are examples of small banks?
Chase, Td, Santander ?- are they all safe ?

amother

Indigo

Sun, Mar 12 2023, 12:45 pm

amother NeonOrange wrote:

I posted about this warning everyone a year ago and people thought I was crazy.

Even a broken clock is correct twice a day.

Everyone can predict a market crash yet few can predict when it will come or who it will hit.