What is the FDIC and what does it do?

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2007-03-04 12:29:02 · 4 answers · asked by l3yrdman 1 in Business & Finance ➔ Credit

Federal Deposit Insurance Corp. They insure your bank deposits, up to $100,000, in the event your bank fails or becomes insolvent.

2007-03-05 00:53:14 · answer #1 · answered by Jason 3 · 0⤊ 0⤋

The Federal Depositors Insurance Corp. insures each deposit account you have in it's member banks a total of $ 100,000.

2007-03-04 20:34:41 · answer #2 · answered by WC 7 · 0⤊ 0⤋

Federal Deposit Insurance Corp. It's a gov't agency and insures your deposits against bank failures, up to $100,000 per institution.

2007-03-04 20:33:19 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋

Federal Deposit Insurance Coverage
will insure your money to 100,000.00 $$ wont insure any more

2007-03-04 20:33:53 · answer #4 · answered by dinosaur386 1 · 0⤊ 0⤋