Only payroll debits should be covered on over limit accounts.
It (FDIC) coverage amount needs to be raised anyway. For hard working savers, 250k for a lifetime of working in not enough. How much US taxpayer money did we give to Ukraine and we can’t insure taxpayer deposits for more than 250k?
“Only payroll debits should be covered on over limit accounts.”
They are covering every deposit at SVB, by raising the FDIC rates on the smaller regional banks.
“Never underestimate Joe’s ability to F@2k things up.”
Barack Obama