Re:Bank Failures Come in Waves
by thwayunion on Tuesday March 21, 2023 @08:42AM
(#35245375)
Can't replace it. But with some trivial API glue and a cron job, you can get away with storing next to nothing in the bank account on most days as long as all of your credits and debits are scheduled and upper-bounded. E.g., if the debit side of your entire financial life is payroll + rent + credit card bills.
But this shifts risk from your FDIC insurance to your SIPC insurance.
But this shifts risk from your FDIC insurance to your SIPC insurance.