3 ms·
There is "knowing" intellectually and then there is fully understanding that a particular bad thing can happen to you. I was aware of this regulation. I though
by throwawaysleep 4y ago
There is "knowing" intellectually and then there is fully understanding that a particular bad thing can happen to you.
I was aware of this regulation. I thought it was unlikely. But now that it is happened, I will be removing all my money from smaller banks over to TD (big Canadian bank).
- wpietri 4y agoMoving from multiple banks to one bank is probably increasing your risk here. Especially so if we're talking about more than $250k. And if we're talking about less, then this example shouldn't change anything for you. As the article we're discussing explains, anybody with less than $250k can withdraw that from SVB starting Monday morning, maybe before.