But why is anyone holding $1M in an account insured up to $250K? | Hacker News

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		dwighttk on March 13, 2023 \| parent \| context \| favorite \| on: Joint statement by the Department of the Treasury,... But why is anyone holding $1M in an account insured up to $250K?

ericd on March 13, 2023 | [–]

Many companies pay out their workers more than $250k per pay period.

ZiiS on March 13, 2023 | [–]

If you have 100+ employees for payroll.

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