a_latex_mitten t1_iyds03g wrote on November 30, 2022 at 5:29 PM

Reply to comment by Liquidretro in Please Help - Dad Hoarding Unprotected Cash by [deleted]

The money is legit lol the man just works and doesn't spend much on anything. I'll dig into why he doesn't want to use a bank. Hopefully it's something that I can overcome easily and convince him. As I told another commenter, admittedly I haven't asked why he doesn't trust the bank.

Liquidretro t1_iydw3mv wrote on November 30, 2022 at 5:55 PM

I think that's the angle you have to play on this. Especially with FDIC insurance or Credit union insurance even if a bank fails he won't lose his money if it's under the limit. If it's over spread it to more than one bank if he wants to be extra careful.