No more unlimited FDIC insurance on transaction accounts after 12-31-12

(Cross-post from my other blog, Nonprofit Update.)

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:

If you are blessed to have over $250K sitting in a checking account, 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.

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