Ask HN: What US bank post-SVB would you recommend?

Re:Ask HN: What US bank post-SVB would you recommend? by nabla9 on Sunday March 12, 2023 @07:22AM (#35118830)

C. Hoare & Co. https://www.hoaresbank.co.uk/ is the one if you need stability and quality, no question.

If you are worried about bank runs you can divide your deposits into $250,000 chunks and divide it between banks. (or whatever the insured amount in your country is)

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Re:Ask HN: What US bank post-SVB would you recommend? by op00to on Sunday March 12, 2023 @07:30AM (#35118903)

I clicked on your link, and some dude in a super fancy suit just barged into my house and took the money out of my wallet. That firm exudes the sickly sweet aroma of the hanger-on class.

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Re:Ask HN: What US bank post-SVB would you recommend? by thallium205 on Sunday March 12, 2023 @07:25AM (#35118860)

OP asked for a U.S. bank. A foreign bank is probably not the best suggestion.

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Re:Ask HN: What US bank post-SVB would you recommend? by anovikov on Sunday March 12, 2023 @07:23AM (#35118844)

Except this insurance never applies to business accounts.

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Re:Ask HN: What US bank post-SVB would you recommend? by nabla9 on Sunday March 12, 2023 @07:24AM (#35118858)

(in the US) FDIC insurance treats business accounts the same as personal accounts. Bank accounts for corporations, partnerships, and unincorporated associations get the full $250k in FDIC coverage, separate from any owner or member of the organization.

(in the EU) the sum is $100,000 and also applies to companies.

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Re:Ask HN: What US bank post-SVB would you recommend? by teej on Sunday March 12, 2023 @07:24AM (#35118854)

This is not true for FDIC.

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Re:Ask HN: What US bank post-SVB would you recommend? by matthewmacleod on Sunday March 12, 2023 @07:26AM (#35118875)

FDIC insurance covers business accounts up to $250k per institution. The FSCS scheme in the UK covers business accounts up to £85k per institution. Where are you getting this idea from?

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Re:Ask HN: What US bank post-SVB would you recommend? by sschueller on Sunday March 12, 2023 @08:01AM (#35119107)

If you are in Switzerland and you want a deposit over 100k to be safe put it in a Kantonalbank which is backed by the Kanton if it fails to meet its obligations. However there are some Kantons that don't do this so check first. One of the ones considered to be the safest is the zkb in Zürich.

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