
What happens to your money in a savings account if a bank goes out of business?
If you have money in a savings account in a bank, what happens to your money when the bank goes out of business??
Federal and state banks are members of the Federal Deposit Insurance Corporation (FDIC). If your account balance is $100,000 or less, it is insured by the full faith and credit of the US government. There may be a Few Days delay, but you will get your money.
ODB – Baby, I got your money [*original uncencored video*]
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