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That’s for personal deposits and limited to I think) $250k. Lots of startups hold a lot more money there and aren’t protected.
by jraby3 4y ago
That’s for personal deposits and limited to I think) $250k.
Lots of startups hold a lot more money there and aren’t protected.
- ncallaway 4y agoI don’t think it’s only personal deposits. Corporations, I believe, enjoy FDIC protection up to $250k also. It’s just a much… less impactful amount for the average corporation compared to the average personal depositor