Hassle Free Bank Deposit
- Thread starter Zee09
- Start date
Zee09
$200 Site Donor 2023
Thanks but it's conversation
My post is based on prior events. I'm not going to lose sleep over it.
Just tell them that's all you want to do at this time.
Ask them to stop calling you, not sure if there is a law in your state that prevents harassing calls by punishing them with a steep fine.
Banks are scrambling lately and are very aggressive, just act in your own interests.
Personally, I don't even answer calls unless I know who the call is from, the rest can go into voice mail if important, 95% don't leave messages.
Ask them to stop calling you, not sure if there is a law in your state that prevents harassing calls by punishing them with a steep fine.
Banks are scrambling lately and are very aggressive, just act in your own interests.
Personally, I don't even answer calls unless I know who the call is from, the rest can go into voice mail if important, 95% don't leave messages.
The FDIC limit is $250,000.00 per account-except where noted as to ownership type. If there is insurance past that limit your bank is buying additional coverage. OR - they are taking excess amounts and depositing them in "partner banks" in different accounts.
The standard coverage limit is $250,000 per account owner, per each of the ownership categories we include in the table below.
That means you could technically qualify for more than $250,000 in coverage if you hold accounts in more than one ownership category, either as an individual or with a joint account holder.
For instance, a couple with a joint checking account that’s FDIC-insured can receive insurance for up to $500,000 for the same shared account ($250,000 per co-owner). And if each of you opens your own individual checking account separately (under the category of “single account”) it would also have its own $250,000 coverage on top of your joint checking’s $500,000 coverage.
You can also see that trusts, benefit plans and other accounts factor in whether there are beneficiaries, participants or custodians connected to them.
Here’s a breakdown of the FDIC coverage broken up by type of account owner.
FDIC deposit insurance coverage limits
| Type of account owner category | Coverage limit |
|---|---|
| Single accounts | $250,000 per owner |
| Joint accounts | $250,000 per co-owner |
| Certain retirement accounts | $250,000 per owner |
| Revocable trusts | $250,000 per owner per unique beneficiary |
| Corporation, partnership and unincorporated association | $250,000 per corporation, partnership or unincorporated association |
| Irrevocable trusts | $250,000 per unique beneficiary that’s entitled to the account |
| Employee benefit plans | $250,000 per plan participant that’s entitled to the account |
| Government accounts | $250,000 per official custodian (more coverage may be available) |
How FDIC insurance works, plus a breakdown of coverage limits
When you open a deposit account, it's likely that it's FDIC-insured up to the standard $250,000. Here's what FDIC insurance is and how it works.
www.cnbc.com
FDIC: Deposit Insurance FAQs
www.fdic.gov
Last edited:
JHZR2
Staff member
In all my banking accounts, including my primary that has lots of B&M branches in the area, I just deposit into my checking account via the app. Works easy and great. But if I have a check, and especially if I want cash, no issues with going to my branch, and no hassles.
Maybe it’s because I dont keep much money in my checking account ever? Maybe it was because until recently, my trading account and bank account were both with the same bank/company?
Maybe it’s because I dont keep much money in my checking account ever? Maybe it was because until recently, my trading account and bank account were both with the same bank/company?
Screw that. I don't need my bank that much in my business. I really don't want my bank in my small area taking an interest in how much I make.
Banks want you to keep money with them since they can lend based on that money to make money, mortgages and loans. If I'm not mistaken, US banks may issue 26x in loans, e.g. if bank has $1M in customer deposits they can lend out $26M in loans and make interest on that. Crazy, I know.
Shel_B
Site Donor 2023
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- Aug 7, 2020
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- 5,167
Don't all institutions of the same type have the same insurance?
Yes-but the bank can buy more-
These accounts offer FDIC insurance for deposits greater than $250,000
In the wake of Silicon Valley Bank's collapse, some accounts have begun to offer up to $3 million of FDIC insurance coverage.
www.cnbc.com
Tell them you are sending the $$ to a Nigerian prince who needs it for a huge development and they have promised to send back 3x the amount in 2 months
Zee09
$200 Site Donor 2023
Old screenshot...now $2.5M
OK-so what they are actually doing is spreading the money around in different accounts.
eDeposit into Ally account for the win!
So set up an account with (insert any of many names here) that does deposits by taking a photo of the front and back of the check and that also does transfers online to the one you want to use. Should be many to choose from. I've done the photo deposit thing a few times and it worked fine. Good luck.
Zee09
$200 Site Donor 2023
Zee09
$200 Site Donor 2023
They don't pay too well...
What 4.25%
