I hear you, but I think a sense of proportion is reasonable.
The most money at risk at any time is the money in that linked bank account, so $6000 in my case. Also, the bank doesn't really have a say in the matter of whether they want to reimburse you or not, if you report the loss within the specified timeframe, they have to credit your account within 10 days. That's the law. I think if this account had all of my cash, that would be rather risky since I'd be completely illiquid during that time. But we have a debit card for our main bank account that we can use, and of course a few credit cards that we use as needed (e.g. Amex Plat when we want bulletproof purchase protection).
The most money at risk at any time is the money in that linked bank account, so $6000 in my case. Also, the bank doesn't really have a say in the matter of whether they want to reimburse you or not, if you report the loss within the specified timeframe, they have to credit your account within 10 days. That's the law. I think if this account had all of my cash, that would be rather risky since I'd be completely illiquid during that time. But we have a debit card for our main bank account that we can use, and of course a few credit cards that we use as needed (e.g. Amex Plat when we want bulletproof purchase protection).
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