[pygmyhipo]

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I thought everyone knew the $100k thing. Why would you keep that much money in a bank anyways? I keep several thousand in the "bank" at most

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Part of the problem is money that is in your account for only a few days. Example: you sell your house, escrow closes and the funds are wired to your bank. You need these funds to pay into escrow for your next house on Monday so you leave them in your bank over the weekend. OOPS! The feds close your bank on Friday without giving notice, as is their standard practice.

-pyg