2 ms·

Any idea what an "advanced dividend" means in practice here?

• quesera 4y ago
  It's a partial payment against your uninsured balance. If you have $1MM of uninsured deposits, you might get $100K as an advance dividend. The importance is that this money is available quickly, while you make arrangements to do without the remainder of your funds, for a possibly-extended period of time. Until the next follow-on dividend, if any, and until you are fully whole, if ever.