patrick.net

xenogear3 says

I don't want to put more than $250k in 1 bank.
If I want to buy a $400k house,
do I really need 2 banks to create 2 $200k cashier's check?

If you want to avoid any FDIC problems I don't see any way not to create two cashiers checks. You don't say whether or not you're buying at auction or not, but whenever I purchase property or pay it off in full, I simply have the money wired directly into the escrow account (or the bank that holds the note if paying it off in full) so I don't have to bother with cashiers checks and carrying hundreds of thousands of dollars in cashiers checks around in my pocket enroute to the office.

Having a non-interest bearing checking account has no FDIC limits until the end of the year. So you can indeed have more than 250,000 in a single checking account with FDIC coverage.

http://www.fdic.gov/deposit/deposits/insured/temporary.html

Having a non-interest bearing checking account

Great!!! All bank accounts are non-interest these days anyway !

The wire seems unsafe. If I type the wrong info, it will take forever to get back.

xenogear3 says

The wire seems unsafe. If I type the wrong info, it will take forever to get back.

Why would you be typing anything in? You fill out the federal reserve form by hand (the escrow gives you a paper with all the wire info and the bank types it in and it goes through the reserve system) and then the bank gives you a computerized copy to double check before it's wired. It's a lot safer than cashier checks and more efficient too.

Yes, two separate checks, it's easy, it works, don't worry about it, just do it.

I believe a join account (between you and your spouse, for example) has double the limit. If true, that might be an option for you.