@eris

Holding assets in multiple accounts in different locations as to best keep yourself afloat. Putting all your eggs in one basket makes it easy for others to take everything away from you.

They cant take all your funds away if they don't know where it's all at.

@lucifargundam @eris they know exactly where your money is if you're going to deposit it in a federally-insured bank.

@lewdthewides @eris
They know where it is if it's a federal note being ran through a database.

Best thing to do is disperse and buy time- instead of believing it to be 100%(or mostly) safe.

@lucifargundam @lewdthewides its not like i do anything bad, at worst im at risk of lawsuits from old credit cards (but SOL ends soon)

@eris @lewdthewides

You _are_ bad.

@lucifargundam @lewdthewides how, im just a ghost girl

@eris @lewdthewides

https://www.youtube.com/watch?v=bx0bJCvSFeA

@lewdthewides @lucifargundam well CU will obviously be insured by the NCUA instead

@eris @lewdthewides
Credit Union allows more flexibility- but isn't as insured. It's a trade-off that's best kept as a concurrent avenue for expenditures that either might have fuzzy numbers or needs to occur faster than a typical bank.

@lucifargundam @lewdthewides its not like I'll ever need more than the $250k NCUA insurance (would be nice if i made it big more than that)

@eris @lewdthewides

IRS* my bad- i'm tired.

https://financeband.com/how-much-cash-can-you-withdraw-from-a-bank-without-it-being-reported

@lucifargundam @lewdthewides you should send me money if you have these problems ill keep your money safe (and maybe pay off my debt)

@eris @lewdthewides

We don't know each other well enough to share the same problem- thanks though. Your interest is duly noted for next Fedi-con.

@lucifargundam yeah i thought about making a third bank account for a savings elsewhere and having CC bank, main deposits bank, auto payments bank, and savings bank, so if one gets frozen or hacked i still have the others

@eris

a savings account will at least accrue interest. set a limit to auto-transfer funds before it hits the FDIC required reportable limit to do a large withdrawal.