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In the US at least, the semi-governmental FDIC automatically publicly insures accounts, not banks, up to $250,000. In addition most banks are privately insured
by s_q_b 10y ago
In the US at least, the semi-governmental FDIC automatically publicly insures accounts, not banks, up to $250,000.
In addition most banks are privately insured against fraud.
I've dealt with an 8k fraudulent charge on my card before. The bank investigated, sent over a sworn affidavit to sign, and they refunded my money in less than 24 hours.
- raddad 10y ago>refunded my money in less than 24 hours. I had a $20 error charge on my card and it took a month for the refund. This is with the vendor stating in writing it was their error. I no longer bank there.