Hot Student Stories

What did the FDIC insure?

Whitney Matthews

in Student Loans

1 answer

1 answer

Ramon Kelly on July 16, 2018

The FDIC insures deposits that customers place in banks. The purpose of this is to provide "Deposit Insurance" which guarantees the security of the cash deposited in your bank members, currently up to $ 250,000 per depositor, per bank. Currently the FDIC insures deposits at more than 7500 institutions in the united states. This is to ensure that customers do not lose your hard earned money in case of bankruptcy of the bank or of the bankruptcy

Add you answer