Are all banks FDIC insured?

Question

are all banks FDIC insured in the U.S?

Answer 1

I once used a bank that was insured by the state. It paid higher interest, but went out of business after a few years. I didn't lose my money though.

Answer 2

Are All Banks Fdic Insured

Answer 3

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Only banks chartered before 1932 are not required to be FDIC insured. There are less than a dozen of them. FDIC insuranc guarantees that you will get back up to $100,000 worth of principal in the event of bank failure and that is guaranteed by the full faith and credit of the United States. On the other hand, I cannot imagine the circumstance where Chase would fail in the next five years, so it probably does not matter. As a note, Chase is FDIC insured for deposits and I am sure CapitalOne is too.

Answer 4

FDIC insured banks are currently healthy, because they pay their insurance premiums. As soon as one gets in trouble, they start skipping payments. I don't know how much cash you have, but the FDIC insures each account to $100,000. If you have more select different accounts in different banks. Spread the wealth so to say. Chase and Capitol One are investments, they use your money to loan to other people at higher rates. For every $4 you invest, they loan $100. - What a rip! The way the dollar is devalueing, you might as well buy peso's for short term investments.

Answer 5

All chartered banks must have FDIC insurance. Credit Unions have insurance under the NCUIA. You can't be a bank without FDIC Insurance.

Answer 6

No, you can have a bank in the US without a federal charter. Some state banks are chartered by the states that they are in. Also, in some states banks can have a county charter alone. There have been these banks without FDIC ususally in small towns that went bottom up and the didn't have any insurance like FDIC. Too bad for the depositors, they lost their money. State chartered banks can have FDIC but I think it is optional.

Answer 7

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Are all banks FDIC insured?
are all banks FDIC insured in the U.S?

Answer 8

I think most banks and credit unions are but just be sure to read the fine print. They must state that they are and up to what amount they are insured up to. I.E. ....up to $100,000 etc....

Answer 9

All reputable U.S. banks are up to $100,000 per account. So if you are loaded and ultra-conservative, you will need many banks to scatter your wad.

Answer 10

in the united states I think it is the law that they have to be. Kind of like having car insurance is the law.