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Indeed, as this lady discovered: Quittel had both a business checking and business savings accounts at the bank, but because each held less than the $100,000 l
by bayareaguy 18y ago
Indeed, as this lady discovered:
Quittel had both a business checking and business savings accounts at the bank, but because each held less than the $100,000 limit guaranteed by the Federal Deposit Insurance Corp., she figured she would be OK. But because the two accounts together totaled more than $100,000 and shared a single taxpayer ID [...] she lost half of everything she had over the $100,000 limit.
http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/12/BUS01396T5.DTL http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/10/12/...