Earlier quoted context omitted.
I have no worry about the funds being lost. It’s just imagining my heirs having to contact and close fifty+ accounts.
Serious question: How common is having dozens of accounts? I live in NL and have 3 at the same bank. Why would anyone have 50+ accounts?
I'm only scratching the surface of the number and types of accounts an American can have. It is also useful to have different banks for different services.