6 ms·
I don't think that information is public to protect privacy...but any balances over the limit in a failed bank would result in non-insured losses.
by shkkmo 4y ago
I don't think that information is public to protect privacy...but any balances over the limit in a failed bank would result in non-insured losses.
- jmalicki 4y agoThat's actually not true [1] - the FDIC has continued the practice of covering balances over the insured limit despite not being required to. [1] https://www.americanbanker.com/opinion/will-fdic-keep-protecting-failed-banks-uninsured-deposits https://www.americanbanker.com/opinion/will-fdic-keep-protec...
- shkkmo 4y agoInteresting, glad they're doing that but ok probably best not to count on that policy if you don't have to.