Hi all,
I am wondering what private companies do when it comes to mitagating risk when their business accounts hold in excess of the bank accounts deposit guarantee.
As far as I know Irish banks guarantee €100,000 per account -
What does a company do if they have income of €500,000 per month and expenses of €70,000 or so.
That is leaving a surplus amount that is not working and also not 100% covered in the case of a banking crash. I'm just wondering what the standard or popular procedures are in this scenario, be it multiple accounts, investing, foreign bank accounts etc..?
Thanks
I am wondering what private companies do when it comes to mitagating risk when their business accounts hold in excess of the bank accounts deposit guarantee.
As far as I know Irish banks guarantee €100,000 per account -
What does a company do if they have income of €500,000 per month and expenses of €70,000 or so.
That is leaving a surplus amount that is not working and also not 100% covered in the case of a banking crash. I'm just wondering what the standard or popular procedures are in this scenario, be it multiple accounts, investing, foreign bank accounts etc..?
Thanks