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> you could very well have $300k "stolen" out of your bank account if the FDIC shuts your bank down one Friday I thought that was the whole point of the FDIC?
by cbr 15y ago
> you could very well have $300k "stolen" out of your bank account if the FDIC shuts your bank down one Friday
I thought that was the whole point of the FDIC? That we don't lose our bank account contents if our bank dies.
- william42 15y agoThe FDIC only protects your bank account up to a certain limit.
- burgerbrain 15y agoIt covers up to 250k if I recall. Is the implication here that you can have "up to" 550k in a bank account?