I had thought about writing a short post about the end of unlimited insurance on non-interest bearing checking accounts. Since I’ve now seen two articles talking about going back to the $250,000 limit, it’s better to point you to other bloggers.
Check out:
- Nonprofit GPS – Unlimited FDIC Coverage Eliminated in 2013
- CPA-Scribo – Unlimited FDIC Coverage Ceases
If you are blessed to have over $250K sitting in a checking account, it is time to consider whether you want to spread out the money.
If you are an auditor, think about what this does to financial statement disclosures for your clients.