Defense Finance and Accounting Services (DFAS) Overview: An agency of the U.S Department of Defense, the Defense Finance and Accounting Service (DFAS) is responsible for administering finance and accounting services for the military and other members of Defense.
Best Answer: There is no limit to keep funds in your Savings and Current Account. But it will be advisable to keep funds in fixed deposit account if these are surplus for longer period.
Originally Posted by LB. Paypal is not a bank, however Paypal's funds are held in FDIC insured banks. However, to my knowledge the limit is 100,000 per account insured and I'm guessing they have more than that in their accounts. So in short, the money is not directly FDIC insured.