4 ms·
Except this insurance never applies to business accounts.
by anovikov 4y ago
Except this insurance never applies to business accounts.
- matthewmacleod 4y agoFDIC insurance covers business accounts up to $250k per institution. The FSCS scheme in the UK covers business accounts up to £85k per institution. Where are you getting this idea from?
- teej 4y agoThis is not true for FDIC.
- nabla9 4y ago(in the US) FDIC insurance treats business accounts the same as personal accounts. Bank accounts for corporations, partnerships, and unincorporated associations get the full $250k in FDIC coverage, separate from any owner or member of the organization. (in the EU) the sum is $100,000 and also applies to companies.
- deleted 4y ago[deleted]