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Bank of America's deposits were 1.4 trillion in Feb 2021. FDIC's Deposit Insurance Fund was 125 billion in Dec 2022. You aren't getting your money back if BoA
by rationalist 4y ago
Bank of America's deposits were 1.4 trillion in Feb 2021. FDIC's Deposit Insurance Fund was 125 billion in Dec 2022.
You aren't getting your money back if BoA loses it all.
https://newsroom.bankofamerica.com/content/newsroom/press-releases/2022/03/-bank-of-america-consumer-clients-make--294-billion-in-payments-.html https://newsroom.bankofamerica.com/content/newsroom/press-re...
https://www.fdic.gov/analysis/quarterly-banking-profile/fdic-quarterly/index.html https://www.fdic.gov/analysis/quarterly-banking-profile/fdic...
- wil421 4y agoI’m not going to name my credit union.
- rationalist 4y agoI didn't ask you to. You said, "if Bank of America…" Also, credit unions are not insured by the FDIC, they are insured by the National Credit Union Administration (NCUA).