Multiple savings account for real estate transaction
Oct 13, 2021
5 Comments
Does FDIC insurance vary from bank to bank or it is 250k standard.
If real estate transaction results in more than 250k proceeds, then is it possible to give multiple accounts to escrow company ? That way we can specify 200k in account1, 200k in account2 etc.
comments
I am afraid that proceeds will be 500k+ and depositing in 1 account can be risky.