After several high-profile bank failures, about half of Americans are concerned about the safety of the money they have in banks or other financial institutions.
Wtf do you do if your bank fails like??? I’m well below the insurance limit but how tf do I get my money back and pay rent on time? I’m like actually terrified of getting evicted for not having access to money that’s mine 🥺
Wtf do you do if your bank fails like??? I’m well below the insurance limit but how tf do I get my money back and pay rent on time? I’m like actually terrified of getting evicted for not having access to money that’s mine 🥺
I’ve had friends suggest buying and hoarding some gold.
If your bank fails and it’s not bailed out then your savings are basically gone.
All banks in the US are FDIC insured to the degree of 10s of thousands, some larger banks to the degree of 100s of thousands.
This user is concerned about not being able to access his funds between bank failure & repayment.
Open a few accounts in different locations. If all the banks fail, rent will be the least of the problems.