Not quite, the uninsured money will be partially paid out depending on how the books look (since the FDIC has to liquidate the bank), however a chunk of the mon

Not quite, the uninsured money will be partially paid out depending on how the books look (since the FDIC has to liquidate the bank), however a chunk of the money can be in limbo for now via receivership certificate that tracks the amount you have claim to. From the PR >The FDIC will pay uninsured depositors an advance dividend within the next week. Uninsured depositors will receive a receivership certificate for the remaining amount of their uninsured funds This is a 100% standard FDIC statement and not unique to SVB btw. https://www.investopedia.com/terms/a/advance-dividend.asp#:~:text=What%20Is%20an%20Advance%20Dividend,the%20receiver%20of%20its%20assets https://www.investopedia.com/terms/a/advance-dividend.asp#:~....