Financially Secure Banks

mom60
Thu, 17 Jul 2008 12:32:55 +0000

Last night I was talking with my husband about IndyBank. We are fine for our personal accounts since we don’t have alot of available cash but for someone who runs a business with lots of cash flow it is pretty scary. If your bank goes under you stand to have a large amount of cash that is not insured. But to spread your accounts between different banks is a bookkeeping nightmare. For a short term solution the owner of his business has moved some of the cash into T bills while they search for a solution.
Pretty scary stuff.