Let me start by saying that I understand the pain losing access to your money can cause and I feel for the customers in this situation. That said, their money

Let me start by saying that I understand the pain losing access to your money can cause and I feel for the customers in this situation. That said, their money was FDIC insured correct? From everything I’ve read about this it’s more of an issue of temporarily (unknown time) losing access. Which again, is still a huge deal but very different from losing your money forever. Even with the SVB collapse people got access again within a week or so IIRC. All of that to say, this is why I love tools like YNAB. I’ve been through two banks closing on me (Simple and HMBradley) one before using YNAB and one after. With YNAB I treat banks as interchangeable commodities where I can pick and choose which I use based on the best deal I can get. Where my money lives is of little consequence to me as long as it’s in a FDIC account and my main bill pay account is solid. That lets me pick something like Chase to be my main bank (brick and mortar, safer bet, obviously nothing is perfectly safe) while also making use of “fintech” banks like OneFinance (I liked them better before Walmart bought them) that offer higher interest rates on saving accounts (5%). I still wouldn’t want any of my accounts to be at a bank that goes under but with YNAB I can see my whole financial situation at a glance (and I have the history even if one of my banks go under) and I care a lot less about where my money is (bank) vs how I’ve budgeted it and planned for the future. When HMBradley shut down it was almost too easy to check the handful of services that were being paid from that account (using YNAB) and shift them elsewhere as well as transferring out the money held there. Even if HMB had imploded and I had lost access for days or weeks I could have managed without much issue because YNAB is the “One True Source” of my finances. I know this is a bit off-topic but I encourage you to check out a service like YNAB (doesn’t have to be YNAB, there are many alternatives, I just like YNAB) because it gives you a freedom in managing your finances/money that previously required hoping your bank had decent tools (like Simple’s) and then putting all your money in one place. I had to rework and rethink a lot when Simple closed down but now YNAB is where all my data is and I don’t care what tools the banks I use offer, they are just a place to store money and so I can hunt for the best deals and ignore the features. https://www.ynab.com https://www.ynab.com Also this video was instrumental in helping me understand YNAB: https://m.youtube.com/watch?v=exS0gU-Ie8E https://m.youtube.com/watch?v=exS0gU-Ie8E (I watched the original, this is the updated one from a few years ago)