The FDIC protection is cummulative. It is not $100,000 per bank. It's $100,000 per person. Spreading the money around doesn't do anything but lead to more paperwork and more to keep track of.Not sure where you get your info, but here's what FDIC notes:http://www.fdic.gov/deposit/deposits/insured/faq.htmlCan I increase my insurance coverage by depositing funds with different insured banks?Your deposits with each FDIC-insured bank are insured separately from any deposits you have at another insured bank. If an insured bank has branch offices, the main office and all branch offices are considered one insured bank – you cannot increase insurance coverage by placing deposits at different branches of the same insured bank. Similarly, deposits held with the Internet division of an insured bank are considered the same as funds deposited with the “brick and mortar” part of the bank, even if the Internet division uses a different name.
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