How much money can we safely deposit in the bank?
Like 1 million or two? Or does it depend on the bank? Also how do trust funds work?
bank best answer:
Answer by coraann
$ 100,000. and have it totally insured is the maximum in any one bank.
You can deal with as many banks as you wish.
I think you mean trust companies, not trust funds. Much the same as banks.
There is not enough room here to explain trust funds. Too many of them, too many different
situations.
bank
Huntington Bank Robbery
Image by Greenville Daily News
From left to right, Montcalm County Sheriff's Det. Robert McVey, Sheriff's Sgt. Mike Williams, Sheriff's Deputy Benjamin Fryc, Greenville Department of Public Safety (GDPS) Officer Wayne Dillon, Undersheriff Mark Bellinger, GDPS Director Mike Stuk and GDPS Sgt. Randy Elzinga trade notes outside of Huntington Bank in Greenville.
Daily News/Elisabeth Waldon
Orignal From: How much money can we safely deposit in the bank? and Huntington Bank Robbery
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