How much money are you aloud to have in bank?

Answer 1

There is generally no limit to how much money you can have in a bank account. However, amounts exceeding certain thresholds may be subject to reporting requirements for tax purposes, depending on the country and financial institution's policies. Additionally, in some countries, deposits may be insured up to a specific limit by government agencies, such as the FDIC in the United States, which typically covers up to $250,000 per depositor, per bank. Always check local regulations for specifics.