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Rick N
Rick N asked in Business & FinancePersonal Finance · 2 years ago

Are bank depositors really unsecured creditors? Is your money safe in the bank?

6 Answers

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  • StephenWeinstein
    Lv 7
    2 years ago

    In the U.S., if it is less than $250,000, then it's probably safe, because most bank deposits are insured by the federal government.

  • Judy
    Lv 7
    2 years ago

    yes it's safe

  • curtisports2
    Lv 7
    2 years ago

    In US banks, the FDIC protects account holders up to $250,000 per depositor against bank failure. It does not protect against, fraud, theft or identity theft.

  • Anonymous
    2 years ago

    If your deposits are in excess of the FDIC limits, yes.

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  • The Oracle of Omigod
    Lv 7
    2 years ago

    Safer than most places. It is underwritten by the Federal Reserve which will step in and pay off liabilities of bankrupt banks. If the Federal Reserve goes bankrupt, never mind anything, the world is collapsing.

  • karly
    Lv 4
    2 years ago

    I am skint so yes its safe

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