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Mnenie [13.5K]
3 years ago
10

If your bank is a member of the fdic, what does that mean for you?

Computers and Technology
2 answers:
evablogger [386]3 years ago
6 0

The FDIC stands for the Federal Deposit Insurance Corporation. This agency insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account . Each customer banking at an FDIC insured institution is insured to at least $ 250,000. If your bank is a member of the FDIC this means for you that your money are insured.

Novosadov [1.4K]3 years ago
5 0
Your money is protected by insurance up to a specific amount.
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