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
Fubon Bank Queen's Road East Branch 富邦銀行
Image by Canadian Pacific
Following the split-up of China into the People's Republic of China (Beijing-based communist government) and the Republic of China (Taipei-based Nationalist/ Kuomintang government), the two Chinas were officially at war even though fighting ended in 1949. Still, China saw Taiwan as a renegade government and tried to isolate it internationally.
Even though British Hong Kong otherwise maintained very close relationships with Taiwan, for some reason in banking services, Taiwanese banks were banned from having a branch network during the colonial days. Ironically, the ban was lifted soon after Hong Kong was returned to China in 1997. Now, Taiwan's Fubon Bank has a branch network in Hong Kong.
No. 213, Queen's Road East, Wan Chai, HK Island.
Orignal From: How much money can we safely deposit in the bank? and Fubon Bank Queen's Road East Branch 富邦銀行
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