Re:Urgent: Sign the petition now
by toast0 on Saturday March 11, 2023 @07:18PM
(#35114547)
Four checking accounts at the same bank and titled in the same name get only one helping of deposit insurance.
> Coverage Limit: All deposits owned by a corporation, partnership, or unincorporated association at the same bank are added together and insured up to $250,000, separately from the personal accounts of the owners or members.
> The corporation, partnership, or unincorporated association must be separately organized under state law and operate primarily for some purpose other than to increase deposit insurance coverage.~
> Coverage Limit: All deposits owned by a corporation, partnership, or unincorporated association at the same bank are added together and insured up to $250,000, separately from the personal accounts of the owners or members.
> The corporation, partnership, or unincorporated association must be separately organized under state law and operate primarily for some purpose other than to increase deposit insurance coverage.~
https://www.fdic.gov/resources/deposit-insurance/financial-p...