If a US bank only insures your money up to 250k does that mean I have to visit four different back to have a million dollars insured?

https://lemmy.world/post/44307250

If a US bank only insures your money up to 250k does that mean I have to visit four different banks to have a million dollars insured? - Lemmy.World

Lemmy

Yes

There is also something called an ICS account that will split money across thousands of banks

Good luck if the banking system collapses.