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Funny thing is, FDIC is insuring you against the bank collapsing, not your bank accounts from theft. I don't think you can even do that, since protecting your d
by ben509 7y ago
Funny thing is, FDIC is insuring you against the bank collapsing, not your bank accounts from theft. I don't think you can even do that, since protecting your deposits against theft is supposed to be the service your bank provides.
You can insure cash with most homeowner's policies, though.
- klodolph 7y agoThis is called “bank fraud”. In general, no need for you to insure against this because the bank has to eat the loss.