is it good to have all your money in one bank 
it can be safe to have all of your money in one bank but this is not without risk if your account balances at one bank exceed 250 000 or 500 000 for a joint account then that excess amount won t be covered by fdic deposit insurance in the event of a bank failure in this scenario you would be better off keeping some of your funds in a different financial institution 1the bottom linebank failures although somewhat uncommon still happen from 2001 to 2022 561 banks failed with four failing at the onset of the pandemic back in 2020 4 an fdic insured account offers the peace of mind that your deposited funds will be safe should the worst happen to your bank of choice 