Should Banks Be Responsible For The Total Sum Of Money You Have In Their Banks?
Banks are only responsible for so much if they crash or go bankrupt. If you have more than that they cover you are out of luck. What do you think?
2 Answers - Sort by: Date | Rating
If it is a FDIC Insured Bank then it is up to $250,000. Above that you are risking you cash! FDIC is the Federal Deposit Insurance Company and the limit was just raised from $100,000. They charge that much for a NSF check anymore!
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I'll wow ya dear as I learned s/t......when was it increased?...♥Nassy
I believe the week all the banks were crashing. Bush did it to stop the bank runs as he had them too and couldn't pilfer the money fast enough! Lol
That is why rich people have more than one bank and tend to keep money over seas in other banks. It's just to risky taking the chance of loosing money knowing they will only replace so much of it and you are sol on the rest.
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