November 24, 2008

advice needed

the headlines are freaking me out - should I close my Citibank checking account and switch over to Chase?
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3 comments:

  1. ChrisNovember 24, 2008 11:53 AM

    Unless I'm missing something, Citibank is receiving big time government funds, so you should be fine. Plus, all accounts under $100,000 (possibly $250,000 with bailout, don't know if that passed) are FDIC insured anyway for the very purpose of keeping people from pulling their money from failing banks.

    So again, unless I'm missing something you should be fine.

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  2. Katie MNovember 24, 2008 11:58 AM

    That was what I figured, but reassurance was exactly what I was looking for, so thank you.

    ReplyDelete
  3. BartNovember 24, 2008 12:58 PM

    I'm with Chris on this. As far as I know you should be fine, especially since the rumored Citi bailout number keeps getting higher and higher.

    ReplyDelete

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