Yesterday I learned that financial troubles might force my bank to close. As I have a second checking account at a different bank with a small amount of money, I didn’t think I needed to worry. But then I realized social security and my retirement company send my monthly checks to my main bank. That I thought could be a problem. If the bank closed then what would happen to those payments.
I thought about transferring all my money to a new bank. But contacting social security and my retirement office would be a hassle I really didn’t want to deal with. Not knowing whom I could call for advice, I decided to ask the people at the club where I play bridge every week. Certainly one of them had some banking experience. And sure enough. I learned that when banks fail, the FDIC comes in on a Friday morning, does whatever needs to be done, and on Monday morning the new owners have the bank up and running and “doing business as usual.” It would be nice if all my problems got solved so easily.
By Hannah www.FunnyPhotosContest.com a photo contest for cute or funny photos and photo captions.
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