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FDIC protects against bank failures (like the bank goes bankrupts and looses all the deposited money). It has nothing to do with unauthorized transactions as fa
by the_svd_doctor 5y ago
FDIC protects against bank failures (like the bank goes bankrupts and looses all the deposited money). It has nothing to do with unauthorized transactions as far as I know.
- treis 5y agoDepends on the transaction type. Checks and debit cards are pretty well protected. Wire transfers aren't protected at all.