FDIC announces how they protect your money after a bank run

Customer RelationsHigh Tech / High Touch
Written By Jennifer Joslyn

💰 FDIC announces how they protect your money after a bank run. 

The FDIC insures deposits in participating banks and savings associations up to a certain amount per depositor, per account type, and bank. This means that if a bank fails, the FDIC will step in to ensure that depositors receive their insured deposits, usually within a few days. The current standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

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Jennifer Joslyn
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