As somebody who emigrated from Argentina and knows of daily multiple bank runs, hyper-inflation, national defaults, extreme currency devaluation, blood on the streets (literally), and all-around financial carnage, I admit I might be a little "scarred for life" when it comes to trusting anybody or anything with my money. However, "the US is different", people keep telling me. And "if Bank Of America fails, then we have much bigger and serious issues to worry about, like where to get more bullets". You heard this sort of thing before as many times as I did.
But my question is a simple one, and as somebody with a significant amount of cash (6 figures... but I'm in my early 30's and to me that IS significant) sitting with Bank Of America, and with no debt whatsoever, I am genuinely concerned. What would you do? WHERE would you go? Every other banks is in a similar or worse position. A credit union? I'm in FL. If somebody has any credit union to recommend in the South FL area, I'm all ears.
I do have to say that, as much as I hate them, Bank Of America does offer an all-around functional and practical website where you can see your bank, credit card and investment accounts in one single screen, which, in this day and age, is a crucial feature. Any other recommendations of banks with similar niceties are also appreciated.
If you have an account with BOA, what are YOU thinking of doing?
But my question is a simple one, and as somebody with a significant amount of cash (6 figures... but I'm in my early 30's and to me that IS significant) sitting with Bank Of America, and with no debt whatsoever, I am genuinely concerned. What would you do? WHERE would you go? Every other banks is in a similar or worse position. A credit union? I'm in FL. If somebody has any credit union to recommend in the South FL area, I'm all ears.
I do have to say that, as much as I hate them, Bank Of America does offer an all-around functional and practical website where you can see your bank, credit card and investment accounts in one single screen, which, in this day and age, is a crucial feature. Any other recommendations of banks with similar niceties are also appreciated.
If you have an account with BOA, what are YOU thinking of doing?