[lsc]

>If that bank does not do its job I can't do mine.

If banking is that important to you, then perhaps you ought to consider redundant providers? I mean, that's what you do with connectivity. you don't rely on one provider with a good sla; no, you get two providers.

[jacquesm]

There are quite a few problems that come with setting up double accounts for every company that I'm involved with. You'd have to spread the funds around in such a way that you could cover any contingency from any account, which in effect would mean that you's need twice the money. It also means a lot more work for the bookkeeper, two two factor auth tokens to keep on me, two account managers to manage, double the contracts and so on.

They deal I have with my bank is simple: they do their work, they get to keep transaction fees, screw me on the interbank interest rates and delay foreign transactions just long enough that they can go play with my cash. In return I expect them to deliver one thing: utter reliability.

If it gets to the point that there is no single bank that gives me the feeling that they can do just that I will indeed have to split assets across several banks. (there are other good reasons to do that, such as the maximum insured balance per account holder).

But the costs of doing so are what is holding me from that.