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Split excess funds among multiple banks
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There are many good reasons on having more than one bank account and more than one bank
The FDIC has never once not insured every penny of money that was placed in an FDIC insured bank. This includes the people who have put millions in banks (such as foreign investors) so that those who invest in FDIC insured banks can do so and feel save about their money.
So while on paper it seems like a good idea in practically it would just be hassle.
I think you are worrying about the wrong issues - just make sure your bank has a good reputation - splitting money may not be the best cash management strategy in terms of return and time spend in management.
Lastly, know that it is $250K per person - not their accounts. Thus, if you have partners or the like - it is $250K per person - until 2014.
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Does anyone have any thoughts on using a single bank for funds in excess of the FDIC insured amount, vs splitting accounts among 2 or more banks? We are a small and growing consulting company and need to be very mindful of cash management/balances as we grow.