Simple way around the $250,000 max FDIC protection, is to open separate bank accounts with different banks and each account will be protected to the $250,000 max.
Pain in the neck? Yep but you will be protected until you get your situation in order and find a reputable trust attorney ect.
Not sure if it is widely known, but the FDIC can take AS LONG AS 99 YEARS to repay your 250,000 if they so desire.
Misconception #3: If a bank fails, the FDIC could take up to 99 years to pay depositors for their insured accounts.
This is a completely false notion that many bank customers have told us they heard from someone attempting to sell them another kind of financial product.
The truth is that federal law requires the FDIC to pay the insured deposits “as soon as possible” after an insured bank fails. Historically, the FDIC pays insured deposits within a few days after a bank closes, usually the next business day. In most cases, the FDIC will provide each depositor with a new account at another insured bank. Or, if arrangements cannot be made with another institution, the FDIC will issue a check to each depositor.
thank you for audio replay. Merry Christmas and God bless both of you. Thank you again from CANADA
I just finish listenting to BGG and Poppy'3 they gave no indication of the REVALUE happening now. It seem they would know something from their sources but they are not making no claims. They did make a comment about people being involved in schemes to get people to buy and belived they would soon be found out and sent to jail.
Thanks for sharing! Revelation 4:1 says: "After this I looked, and, behold, a door was opened in heaven: and the first voice which I heard was as it were of a trumpet talking with me; which said, Come up hither, and I will shew thee things which must be hereafter." John the revelator reveals to us an open heaven, and an open access to God. We can come, as it were, and we can step into a place where the Holy Ghost, God our Father, and Jesus the Savior begin to show us things that will come to pass.
We are shown things that will come in order to have faith to bring them to pass. We are shown things to come in order to warn us to prepare. We are shown things to come in order to stand against them and resist them. You live under an open heaven, and supernatural direction, counsel, and leadership are being given to you today. You can "come up hither" and step into a place of fellowship, peace, and joy whenever you desire. So remember, you are under an open heaven; why not step up and fellowship with God?
Come up hither!
Come up hither!
I look every day for some word from BGG and Poppy. Very disappointed to not have heard from you. I wish you a great New year. Actually, I wish ALL of us a great New Year! God bless!!!