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A comment on Ask HN: What US bank post-SVB would you recommend?. Parent comment

Re:Ask HN: What US bank post-SVB would you recommend? by anovikov on Sunday March 12, 2023 @07:23AM (#35118844)
Except this insurance never applies to business accounts.
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Re:Ask HN: What US bank post-SVB would you recommend? by nabla9 on Sunday March 12, 2023 @07:24AM (#35118858)
(in the US) FDIC insurance treats business accounts the same as personal accounts. Bank accounts for corporations, partnerships, and unincorporated associations get the full $250k in FDIC coverage, separate from any owner or member of the organization.

(in the EU) the sum is $100,000 and also applies to companies.

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Re:Ask HN: What US bank post-SVB would you recommend? by teej on Sunday March 12, 2023 @07:24AM (#35118854)
This is not true for FDIC.
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Re:Ask HN: What US bank post-SVB would you recommend? by matthewmacleod on Sunday March 12, 2023 @07:26AM (#35118875)
FDIC insurance covers business accounts up to $250k per institution. The FSCS scheme in the UK covers business accounts up to £85k per institution. Where are you getting this idea from?
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