Quote:
Originally Posted by JP-pornshooter
if i understand it correctly then it is not per account, it is per person.. so if you have 3 accounts with HBSC each with 100k (total 300k), you would only be covered for 100k total. you may want to check that if you are wealthy...
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You can have multiple accounts at a bank but it has to be done in a different fashion. One way to do that is if you add in trust of(say your minor child) that gets its own 100k. Also if you have a personal savings and a joint savings. plus your spouse has a personal checking that is 300k between those three.
But if you have a checking, savings, cd, second savings, or whatecver you have a limit of 100k.