I Think You Are All Misunderstanding How Chexsystems Works

I think you are all misunderstanding how chexsystems works.  And while yes, being a personal banker at a competing bank, while seeing a large amount of inquiries could be an indication of a rate-shopper (will not have an extended relationship with the bank but will rather leave once the promotional rate drops) that is not the reason you have been declined.  Multiple inquiries on chexsystems could also mean that individual has the means of check fraud, money laundaring, or structuring to promote terrorism.  Don't blame the individuals that are just doing their jobs with the restrictions set out by the banking industry (its called the Patriot Act, you may have heard about it after 9/11 and it completely changed the banking world).  As for consistantly moving your money around to make sure your 250k is insured... add some PODs, or talk to a wealth management representative.  I can't imagine its worth spending that much time just to get 2-4.00% APY. May be you could consider paying off that $750k mortgage on the house that's oddly enough not worth that much anymore. Its time to stop living like 100k millionaires and realize that a "Jumbo CD" isn't what it used to be.