If a bank fails, insured deposits will be moved to another FDIC-insured bank or paid out.
Checking accounts, savings accounts, money market accounts, and certificates of deposit are examples of FDIC-insured bank accounts.
Single bank accounts and joint bank accounts are examples of different ownership categories.
If your bank closes and you had more than $250,000 in an individual bank account, you may be able to get a Receiver's Certificate.
Steps to take after a bank failureIf a bank fails, the FDIC is in charge of managing its assets.
Persons:
you'll
Organizations:
FDIC, Federal Deposit Insurance Corporation, Federal Deposit Insurance