6 ms·
For now yes, you get a note on what’s owed that remains and in time you get some of your money back post bankruptcy. Keep your accounts lower than 250k
by rekttrader 4y ago
For now yes, you get a note on what’s owed that remains and in time you get some of your money back post bankruptcy.
Keep your accounts lower than 250k
- johnbellone 4y agoOr better yet, don't listen to your VC's relationship people and put all of your money in one bank.
- roflyear 4y agoMany bank's terms are if you get a loan from them, you need to use them as your only bank (or only accounts receiving deposits, or something). It is negotiable but it is the norm.
- alwaysbeconsing 4y ago> Keep your accounts lower than 250k For full precision, if you're concerned about this, be aware that it's 250K per depositor at a given bank, rather than per account. That is, all your qualifying accounts at the bank are considered as one pool and 250K of that is insured. More detailed information, including how joint accounts are handled, here: https://www.fdic.gov/resources/deposit-insurance/financial-products-insured/ https://www.fdic.gov/resources/deposit-insurance/financial-p...