[_dain_]

Are you really expected to spread out all your day-to-day business cash around tons of different accounts just to stay under the FDIC limit? How is that meant to work, logistically?

Let's say you're a company with like 50 well-paid devs, they make 200 grand each on average, so monthly payroll for them is 50 x 200,000 / 12 = ~830,000, so you'd need accounts with four different banks to stay under the FDIC limit just to manage payroll for engineering. What about everything else?