Question

What is the maximum amount of money you can have in a bank account?

Answer 1

There's no limit to the amount of money you're allowed to have in one bank account as long as the money was legally acquired.

However if a bank fails and you have more than $250,000.00 in the bank and don't remove that money from that bank before it fails then the FDIC won't insure anymore money than the $250,000.00 so you could lose the rest of the money in the bank account if the bank fails.

So if you have more than $250,000.00 it's best to spread the money out to different banks just to be safe.

Answer 2

The banks do not limit the amount of money you can have in your bank account so long as the money was gotten legally.

You can keep millions of dollars in the same bank if you want too but it's usually not a good idea to do so in case a bank fails.

But you usually have warning beforehand if a bank fails which allows you time to move your money from that bank to another bank.

Answer 3

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Answer 4

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