25-12-2022, 03:55 PM
(25-12-2022, 08:30 AM)Huliwang Wrote: Depends how much money you are going to deposit. It is not feasible if you are going to split $3 million into 40 banks just to get insured for $75K.
However, if you are going to deposit just $300K, then perhaps you may split into 3 big banks. ....
Why not feasible?
It's just a bit of admin and foot work nia.
For some banks like CIMB, you can even do it in the comfort of your home.