3 ms·
Happy customer of Mercury, and was pleased to see the FDIC increase this morning. Question: what happens when FDIC limits are exceeded. For example, someone de
by unusualmonkey 4y ago
Happy customer of Mercury, and was pleased to see the FDIC increase this morning.
Question: what happens when FDIC limits are exceeded. For example, someone deposits 5M on a 3M limit.
Are the excess funds equally distributed over the underlying banks, or is there a specific allocation strategy?