What Is FDIC Insurance? Complete Guide 2024
With Federal Deposit Insurance Corporation (FDIC) insurance, the money you keep in your bank accounts is protected by the federal government if your bank fails. When a bank or financial institution is federally insured, it will have the FDIC insurance logo on its website. The FDIC insures up to $250,000 per depositor, per institution, per ownership category, and FDIC insurance covers several types of deposit accounts and other official items, such as cashier’s checks and money orders. How does FDIC insurance work? The FDIC protects the money that depositors put in …
What Is FDIC Insurance? Complete Guide 2024 Read More