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FDIC, they collect fees from all banks to finance the fund they pay out account holders from. Limit increased too I think, like 250k now.
by ryloric 4y ago
FDIC, they collect fees from all banks to finance the fund they pay out account holders from. Limit increased too I think, like 250k now.
- xapata 4y agoFDIC insures assets in US bank accounts. SIPC insures assets in US brokerage accounts.