What would you do if your bank was failing?

[Newbian]

You'd need money before you need a bank.

He needs a mattress first actually... 😉

 

[IronWing]

High quality safes at more than one location keeps you pretty well protected against catastrophic losses.

Safes would cost you more than all the fees banks have ever thunked of.

Anyway, I'd move the money out if it looked like the bank was headed down. I abandoned my credit union when they started loaning in the commercial real estate market. They didn't go under but their savings interest rates tanked below that of even the national banks as they tried to save their own butts.

 

[drinkmorejava]

Yep. Same here. Chase is HORRIBLE.

Interesting, I got a chase account a year ago, and the service was great. This was after I started to open an account with BOA and got sick of their crap.

 

[PrinceofWands]

Safes would cost you more than all the fees banks have ever thunked of.

Anyway, I'd move the money out if it looked like the bank was headed down. I abandoned my credit union when they started loaning in the commercial real estate market. They didn't go under but their savings interest rates tanked below that of even the national banks as they tried to save their own butts.

Actually you can get perfectly acceptable options fairly cheap, but that's moot since fees/cost have very little to do my decision.

 

[ichy]

Unless I had more on deposit than is covered by FDIC I would do nothing.

This. If there's one thing the financial crisis has proven it's that the FDIC works.