For people thinking their deposits are safe if they are below the #FDIC $250k limit...

You might get your money back, but are you prepared to wait for months or years before you have access to it again?

I had life savings in a bank in Europe in 2008 (IceSave) that was covered by the UK's version of FDIC, the FSCS. I felt safe. But when the bank ceased to function, I didn't get my money back from the FSCS for more than 2 years.

BTW, I also had to provide bank statements to prove to the FSCS that I had savings at the bank - good luck with that if it's a web based bank and their website "goes down". So I hope you're keeping records on your own computer and not just leaving them on your bank's website ;)