I have a sizable amount of money at one large online bank and I have a question about maximizing FDIC coverage.
I obviously have one account covered to the max 250k and it is in my name.
My question is I understand that I can get an additional 250k per account by having different beneficiaries listed with POD.
I have a minor child. Can I list her as beneficiary and get an additional $250k? She's 11 by the way. And if so, in the event of my death since they are under the age of 18 does her adult guardian then have full access to the account?