I've got brokerage accounts that I want to move around large sums from time to time. I have to heed the paltry limit so as not to expose myself to frozen or vanished deposits.
I recently established a second bank account at a small, well rated local bank just to avoid trouble with FDIC & bank failure, and shortly thereafter, my primary bank, Wachovia, vanished into that good night - luckily, as it seems, deposits guarded.
“well rated local bank”
There are plenty of these. One of the great lies is that all banks are in jeopardy. Jim Cramer is spreading this lie.