That they've made every depositor whole above and beyond the $250k limit. > if there was a market incentive to create a tool like this, then why doesn’t it exi

That they've made every depositor whole above and beyond the $250k limit. > if there was a market incentive to create a tool like this, then why doesn’t it exist already? As mentioned elsewhere because people had forgotten the lessons of the S&L crisis. There would have been a market for it now had the FDIC not stepped in and said that they'd fully backstop everyone, regardless. Even if the FDIC had just given deposits above $250k 95% back instead of 100% back, there would be a market for such a tool. > but granting a non-banking 3rd party access to all of your financials does seem like a risk Maybe, but doesn't ADP already have this access, as it's doing payroll for you anyway?