Deposit insurance is a measure implemented in many countries to protect bank depositors from losses caused by a bank's inability to pay its debts when due.
Questions tagged [deposit-insurance]
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How do rich people guarantee the safety of their money, when savings exceed the FDIC limit?
I am curious how a millionaire would guarantee the safety of his money, given that the FDIC only insures up to $250K of an individual's deposits at a bank.
If someone had $3 million that they wanted to put into the bank, would they have to open up…
7529
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Who pays the premium for bank deposit insurance?
Normally, when I want insurance coverage (e.g. for my car and house), I have to pay a premium to the insurer. My bank account comes with deposit insurance to insure me against bank collapse. It looks like I do not have to pay any premium for the…
Flux
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What happens to depositors at Silicon Valley Bank?
Today, Silicon Valley Bank is bankrupt, the second largest bank failure in American history.
What happens to its depositors? Will they be able to withdraw (some of) their money? How long will they have to wait? In what form will they receive it?
Stack Exchange Broke The Law
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I have more than $250,000 in a US Bank account... mistake?
I'm currently carrying a balance of $356,000 in one bank account, which is in excess of the FDIC insured maximum of $250,000. I owe $100,000 in 2014 taxes (which will be paid by April), and the remainder will be used for a potential house down…
Fixee
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What bank deposits are insured in the U.S.?
What kind of bank deposits in the U.S. are insured against banks going under? What do I need to look out for to make sure my money is safe?
jf1966
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Is SIPC coverage on cash as strong as FDIC?
I'm considering opening a brokerage account with a broker that is requesting $10,000 minimum funding. That money will not go to an FDIC covered bank account. But the broker does have an SIPC insurance. I understand that SIPC covers $250,000 of the…
Ofer
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FDIC vs SIPC: Are they the same?
Before posting this question I did read Is SIPC coverage on cash as strong as FDIC?, but the answer did not seem to make much sense/lacked many answers to help clarify for me.
I was doing some reading online, and from what I understand, they are…
ggiaquin16
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Why does CDIC insure deposits only until $100,000?
$100K CAD appears a low maximum, esp. for retirees. FDIC does so until $250K USD.
user10763
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How does the FDIC in the United States work?
Issues in my head raised by the quesion about withdrawing money from a bank before it goes under
If the purpose of the FDIC in the United States system is to insure deposits, how is the money the FDIC has collected? Is there an international entity…
MrChrister
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How does bank deposit insurance work in Singapore?
When I check bank web sites in Singapore, they usually post something like below:
Singapore dollar deposits of non-bank depositors and monies and
deposits denominated in Singapore dollars under the Supplementary
Retirement Scheme are insured by…
kitokid
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What effect will Brexit have on EU-wide Deposit Guarantee Schemes (e.g. FSCS)?
Across the EU, the Deposit Guarantee Schemes Directive1 (DGSD) requires member states to operate at least one scheme to provide protection for deposits with regulated financial institutions within their jurisdiction. The schemes are aimed primarily…
TripeHound
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Doesn't the existence of FDIC incentivize savers to put their savings in the most risky bank?
The riskier something is, the more interest/coupon would be demanded by the lender. In the case of choosing where to put my savings, wouldn't the existence of FDIC incentivize searching for the bank that pays the highest interest on my savings?
FDIC…
Flux
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National deposit guarantee schemes
I am just checking this FinTech startup called Raisin (previously SavingGlobal) where they advertise that you can make deposits on banks across Europe. They say, that each deposit is 100% covered by national deposit guarantee schemes. But if I make…
Jernej Jerin
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Has anyone ever lost money over the FDIC limit?
Has anyone lost money because a bank failed and they had more than $250k in deposits? As in, has this ever happened?
user101781
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What is covered by CDIC savings deposit insurance?
In the unlikely event that a financial institution fails in Canada, what is covered by the Canadian Deposit Insurance Corporation? What is the limit of coverage?
Zephyr
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