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Originally Posted by guyinrubbersuit
Unless the bank is FDIC insured, which means that if anything happens to the money you have in bank that is not of your fault, it is insured up to $100,000. This was enacted after the Great Depression since everyone was withdrawing, bankrupting the banks, and they were not able to get the money to everyone.
Make sure the bank is FDIC insured before going with it. Chase and Bank of America are more than likely, I'm 99.9% certain they are FDIC insured.
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Yep. BofA is alright, I use Washington Mutual right now, don't know if they have those in NYC, but check em out.
Jam it back in, in the dark.
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