how much money u allowed to keep in a checking account?

Answer 1

Its unlimited.........but only insured up to $100K in an American Bank...

Answer 2

Legally, there is no limit on how much you can keep in a checking account. The FDIC only insures up to $100,000 per account holder per financial institution. I doubt anyone would recommend keeping that much in a single checking account. If you have that much money that you don't need right away, you can get better returns without significantly more risk a number of ways.

Answer 3

There is no limit but nobody keeps over $100,000.00 USD because that's the insurance limit provided for FREE by the Federal Deposit Insurance Corporation.

If you have more then you need to open a brokerage account and hire someone like me as your Portfolio Manager.

Answer 4

I think bank accounts are usually insured up to 100,000 by the FDIC, though you can always have more in the account than that....but if you had that much money, you'd already know that.

Answer 5

You are not limited to how much you want to keep in your checking account.

Answer 6

I would just keep enough to pay my bills and just-in-case money. I never had more than $1,000 in my checkbook.