31 July, 2020

Quora Answer: What is the Biggest Payout the FDIC Ever Made to Customers of a Single Failed Bank?


Regardless of the amount the customer holds in deposits in his own name, the FDIC can only ever pay out to the limit per depositor per bank in the event of bank failure.  At the moment, that amount stands at US$250,000.



No comments:

Post a Comment

Thank you for taking the time to share our thoughts. Once approved, your comments will be poster.