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Items not covered by FDIC: "Losses due to theft or fraud at the institution." http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation#Insured_produc
by drivebyacct2 14y ago
Items not covered by FDIC: "Losses due to theft or fraud at the institution."
http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corporation#Insured_products http://en.wikipedia.org/wiki/Federal_Deposit_Insurance_Corpo...
- Locke1689 14y agoFDIC Regulation-E. Consumer liability for unauthorized transfers. The consumer has limited liability if reported expediently. You should read up more closely on the FDIC regulation -- they don't just provide insurance. http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fdic6500205.6 http://www.fdic.gov/regulations/laws/rules/6500-3100.html#fd... Also, a clever little loophole: if the bank goes insolvent paying their accounts back, you are then covered under FDIC insurance.