How Does FDIC Insurance Protect Bank Deposits? ⎊ Path

How Does FDIC Insurance Protect Bank Deposits?

The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency that insures deposits in eligible banks up to a specified limit, typically $250,000 per depositor. This insurance protects customers against the loss of their deposits if an FDIC-insured bank fails.

This protection does not extend to cryptocurrency or assets held on exchanges.

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Glossar

Federal Deposit Insurance

Protection ⎊ Federal Deposit Insurance refers to a government-backed program designed to protect depositors' funds held in eligible banks and financial institutions.