FINANCE VETERAN CHRISTOPHER TUROCI BRINGS INSTITUTIONAL CASH MANAGEMENT TO RETAIL AND SMALL BUSINESS
FDIConnect Offers Wall Street Level Cash Management for the Main Street Client FDIConnect, a financial startup in Southern California, announces their Fortress Account: a sophisticated banking practice that protects cash by spreading it across multiple accounts while maintaining the convenience and ease of a single account. Since the FDIC only insures up to $250,000 per account in a single depository institution, it becomes complicated to protect large amounts of cash across multiple accounts. But if cash isn’t deposited properly, you risk leaving large amounts of cash uninsured. With the Fortress Account, clients get the best of both worlds: the ease of a single account with the protection of many. The Fortress Account acts as a parent to multiple accounts across several trusted banks – each containing less than the FDIC limit. This structure allows clients to make deposits and withdrawals instantly from a single account and to see account balances and statements in tha