I suspect it’s related to insurance in the case of loss by the bank. I think most have upper limits to how much they’ll reimburse if they’re robbed or something so they’ll store it in multiple accounts.
I don’t think anyone would just have an exorbitant amount of money in one spot.
I suspect it’s related to insurance in the case of loss by the bank. I think most have upper limits to how much they’ll reimburse if they’re robbed or something so they’ll store it in multiple accounts.
I don’t think anyone would just have an exorbitant amount of money in one spot.
Correct, I wasn’t saying that they’d put it in one spot.