Quote Originally Posted by green91 View Post
I would deposit all my money into 5 different banks. That way i have a higher level of FDIC coverage and also i could spend it wherever i want
I see what you're getting at, but it doesn't follow the question, since you're not spending the money at the bank.

When we were talking about it, I answered AMEX. Because then that doesn't limit me to any one place, if I had say a Black AMEX.

Edit - Not to mention, even with 5 different banks that would only be a maximum of $1.25 million in FDIC coverage. Suppose you won the current $100 million lottery, that wouldn't really protect you.