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Policies and procedures for fraud are at the bank level afaik, and the purpose of FDIC is to protect against bank failure up to 250k USD ( https://www.investope
by chucksta 5y ago
Policies and procedures for fraud are at the bank level afaik, and the purpose of FDIC is to protect against bank failure up to 250k USD ( https://www.investopedia.com/ask/answers/111815/does-fdic-cover-identity-theft.asp https://www.investopedia.com/ask/answers/111815/does-fdic-co... )
- icedchai 5y agoYes, you are right. FDIC does not cover this sort of thing.