5 crafty ways to spy on your bank

Check with bank regulators
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There are a number of bank regulators out there, so it's wise to start with a visit to the FDIC website to see which regulator has authority over your bank. While many of those regulators publish regulatory orders and other documents specific to a given bank, reading them won't be much help in terms of determining the vitality of the bank, says Platt.

"The regulatory orders are really just boilerplate and not very useful to consumers," says Platt. "Regulators have an idea of the banks that are at risk, but that information is kept very private. If it got out, it would cause a run on the bank and sink the institution."

Unfortunately, new financial regulations don't give concerned consumers any more tools to assess information on troubled banks. But Platt says the key point to remember is that consumers can avoid hardships associated with bank failures simply by keeping their accounts under the FDIC threshold and spreading their money over several institutions if they have holdings in excess of $250,000.




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