I don't have the problem of more money than the FDIC limit either. But I like to spread whatever I have across a couple of places anyway. If my bank fails, I don't want to be completely stranded while waiting for FDIC to cover whatever I have on deposit there. And I'm in the UK. I know people here who had no access to their money for weeks when one of the bank IT problems happened.
I don't have the problem of more money than the FDIC limit either. But I like to spread whatever I have across a couple of places anyway. If my bank fails, I don't want to be completely stranded while waiting for FDIC to cover whatever I have on deposit there. And I'm in the UK. I know people here who had no access to their money for weeks when one of the bank IT problems happened.
I don't have the problem of more money than the FDIC limit either. But I like to spread whatever I have across a couple of places anyway. If my bank fails, I don't want to be completely stranded while waiting for FDIC to cover whatever I have on deposit there. And I'm in the UK. I know people here who had no access to their money for weeks when one of the bank IT problems happened.