Re:Launch HN: Financial Choice (YC S21) – Checking accounts ...
by rrrrrrrrrrrryan on Monday August 09, 2021 @10:51AM
(#28117659)
> The FDIC insurance fund only covers a tiny fraction of bank deposits
Isn't it $250,000 per customer?
It wouldn't be enough to save the bank if there was a run (because of accounts with huge balances), but it'd be enough to save most of the customers that need saving.
Isn't it $250,000 per customer?
It wouldn't be enough to save the bank if there was a run (because of accounts with huge balances), but it'd be enough to save most of the customers that need saving.