And even that's only IF the FDIC is able to pay you anything, if a huge bunch of banks don't collapse - which is not unheard of, since the world financial system is teetering on collapse.
Declaring bankruptcy, as Donald Trump will tell you, is a simple business strategy. With that much cash on the table to be had by declaring bankruptcy and simply disappearing with it, do you really think any of the banksters will fail to declare bankruptcy? Why should they take a small cut of profits over a period of years when they could keep it all and walk away right now?
WF bank not only created a bunch of fake accounts to rip people off in the last few years, with administrative knowledge - they also are backing the Dakota Access Pipeline, which threatens the drinking water of 17 million people downstream, as well as breaking our last unbroken treaty with the native peoples of this land. So magically now they are full of trustworthy people? As of when?
All I have heard suggested so far by way of preventing the bank from absconding with your money by declaring bankruptcy and disappearing with your money is to immediately - on the spot, before leaving - insure one's wealth through LLoyd's of London. But I don't know how sound that organization is financially either, or who owns it, whether they are trustworthy. God forbid it be the Illuminati!
Do not simply trust your bank - any bank - to hold the money for you on faith. They are obligated to make money for their shareholders, that is their only mandate. And no matter how ethical they appear to be, buy the wealth insurance policy for the full amount of your money before walking out of the bank, to insure your money against bank bankruptcy. Even without an NDA, the bankruptcy ploy on their part is an easy score.
Despite the daunting aspects of this, do not settle for the teeny rate, because good-hearted people should have this money to help heal the world. They want you to take the low rate. I think that's why they are trying to make this feel overwhelming, tiring, and even scary for us: so we will take pennies just to get it over with. Who gets the money for what this currency is really worth, if we take the low rate? It will go to the banksters!
Should the banksters have those massive profits, given how they have treated the people of this world? It will be the banks that immediately turn around to resell our currency for billions or trillions in more profit for the already-too-wealthy. That is unconscionable, but that is exactly what the reality is. So hold firm, believe in yourself, don't be bullied. If necessary, we will find a way to exchange our currencies in another country. There are countries where laws are fairer and even places where banks have been reformed already.