How to Insure Your Money When You’re Banking over $250K (2022)
IntraFi, suggested in the article, looks a bit sketchy. Read their terms and conditions.[1]:<p><i>&quot;No Liability or Damages. INTRAFI SHALL HAVE NO LIABILITY OF ANY KIND RELATING TO, RESULTING FROM, OR IN CONNECTION WITH THE WEBSITE (INCLUDING BUT NOT LIMITED TO ANY CONTENT ON IT OR THE RESULTS OBTAINED FROM ITS USE), THESE TERMS AND CONDITIONS OF USE, OR INTRAFI’S BUSINESS, OR ANY LINKED SITE, FOR ANY CAUSE WHATSOEVER, WHETHER ARISING IN CONTRACT, TORT, OR OTHERWISE. IN NO EVENT SHALL ANY SPECIAL, INCIDENTAL, OR CONSEQUENTIAL DAMAGES AGAINST INTRAFI BE ALLOWED, EVEN IF INTRAFI HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES, AND THE EXCLUSIONS OF DAMAGES IN THESE TERMS AND CONDITIONS OF USE ARE INDEPENDENT OF, AND SURVIVE THE FAILURE FOR ANY REASON OF, ANY OTHER REMEDY.&quot;</i><p>What IntraFi is <i>supposed</i> to do is place your money in a large number of different banks. But what if they don&#x27;t? Or they screw up, and put too much money in some flaky bank.<p>The whole point of IntraFi is that it has to work when the financial system is in serious trouble. Otherwise, it has negative value, as an additional point of failure.<p>[1] <a href="https:&#x2F;&#x2F;www.intrafinetworkdeposits.com&#x2F;terms-conditions&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.intrafinetworkdeposits.com&#x2F;terms-conditions&#x2F;</a>