Quote:
Originally Posted by Anja
The day, a couple of month ago, when the first bank failed in CA I thought, "Uh-oh."
And I wont even go into what Wells Fargo did to me, but it was unbelievable until I read others were having the same problem. I had belonged to a MN bank which was bought by WF.
(I believe the limit is $100,000.00?)
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The service definitely sucks and things can go topsy turvy, so transferring to a more reliable bank makes some sense. I see no reason why you shouldn't do that, if that is the issue... Credit Unions should be the safest, but I'm assuming they are of the same design as the Canadian CUs.
The limit is 100,000, except in special cases, as far as I know.