If you're worried about keeping money in your bank account during a recession, you can rest assured that your money will likely be safe at a financial institution, and you won't need to take it out of your bank account.  "It's very unlikely for history to repeat itself," says Maggie Gomez, CFP professional and owner of Money with Maggie. "I would still have trust in the banking system, especially over keeping your money in your house or someplace that is exposed to much more likely risks of loss." Gomez suggests using two different banks if you're concerned about where to keep your money.  For example, Gomez says you could have your money deposited in an online bank and a brick-and-mortar bank. You'll be able to deposit or withdraw money at brick-and-mortar locations and earn interest on a high-yield bank account at an online bank. Financial experts generally advise keeping three to six months' worth of expenses in a bank account for emergency purposes. How much you should keep in your account may also depend on whether you're saving up for a personal goal, like a down payment on a mortgage or a new car.