The Ideal Number Of Banking Relationships To Feel Safe And Secure

[void]

Wise

agreed, but they are getting more and more annoying sadly

 

[troubled soul]

Wise

Thanks for answer .....can you suggest 3 more........Sorry in advance If this offend you

 

[EliasIT]

I would not overdramatize the matter. Bank closure is something Americans and Eurooeams are not yet used to. In other parts of the world it is a daily occurance.

So, first of all look into the banks' balance sheet as deep as you can and then pick accordingly. Stop looking for the highest interest bearing account or just put the maximum insured account into that bank.

Instead of using bank accounts for high deposit amounts, buy money market mutual funds or ETF's since they are safer.

Going with the above it is sufficient to have two banks + (maybe) one broker.

I could not agree more with you!

If you open accounts with banana EMI's, Neobanks or Retail Banks you will face troubles. if you have legit business and go with one of the bigger banks in Europe or US you will be fine.

 

[JohnnyDoe]

if you have legit business and go with one of the bigger banks in Europe or US you will be fine.

in your dreams

 

[EliasIT]

in your dreams

We have a total different view on banks. The fact alone that you burn more bank account in a months than I ever had in my business live (25+ years) says it all

 

[clemens]

The fact alone that you burn more bank account in a months than I ever had in my business live (25+ years) says it all

 

[JohnnyDoe]

We have a total different view on banks. The fact alone that you burn more bank account in a months than I ever had in my business live (25+ years) says it all

You have been lucky so far, I’m happy for you but you should not rely on luck alone.

Survivorship bias - The Decision Lab

Survivorship bias is a cognitive shortcut that occurs when a visible successful subgroup is mistaken as an entire group.

thedecisionlab.com

 

[Martin Everson]

Thanks for answer .....can you suggest 3 more........Sorry in advance If this offend you

I can't name any others in the same league as Wise.