4 ms·
If you have more than 250k in the bank you should be smart enough to split it into multiple accounts or hire someone to do treasury management.
by wyre 4y ago
If you have more than 250k in the bank you should be smart enough to split it into multiple accounts or hire someone to do treasury management.
- conradkay 4y agoI've never run a large company but I feel like it wouldn't be feasible when you have transactions routinely over 250k, like how I'd imagine most of these companies would be with their payroll.
- hellojesus 4y agoI think the solution to that is placing predence on the bank selection mechanism. You could audit banks' lending positions and make risk adjusted based decisions.
- sshumaker 4y agoLots of people have way more than that due to retirement accounts (which sometimes need more liquidity or people want to get out of the market so they have more cash on hand). Or even if you have a down payment on a house in most of the coastal states. 250k in the bank is not much money these days.
- eric_cc 4y agoI just don’t understand this attitude. It’s 250k. We’re not talking about all that much money. Why do you think people with 250k should have extra knowledge or access to special advisers?