If you have money in a FDIC insured account and the bank goes under. How long does it take for you to get your money back?

If you have money in a FDIC insured account and the bank goes under. How long does it take for you to get your money back?
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1 Answer

Answer :

Most banks are fincially backed and your money is insured up to 250,000. Even if the bank went under the FDIC will right you a check as soon as the paper work is processed.
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Related questions

How much of my bank deposits are FDIC insured?

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Last Answer : Yes it is. The limit was $100,000 but it was temporarily raised till December 31, 2013 to the ammount of $250,000. Seperate from that, all IRAs are also insured up to $250,000 per owner.

Is ING Direct an FDIC insured bank ?

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Last Answer : Yes, ING Direct is an FDIC insured Bank. This means that deposits are insured up to $250,000, as are singly held accounts. Joint accounts which are 50/50 ownership are insured up to $250,000 ... ,000 for the account. ING Direct is registered with the FDIC in Wilmington, Delaware, under number 35489.

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Is SunTrust Bank in Tampa a FDIC bank. And what is the maximum insured amount?

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What are the best bank CD rates short term in my area. Vero Beach, Florida. FDIC insured?

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Are iberiabank cd;s FDIC insured?

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Last Answer : Yes, Iberiabanks' cd s are FDIC insured.

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Last Answer : the insurance has been increased to $250,000 till December

Is EECU Credit union in Ft. worth FDIC insured?

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Best FDIC insured CD rates for 6 to 13 months?

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Is First Ohio Banc & Lending insured by FDIC and a safe banc for mortgage loans?

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Last Answer : Firs they are just a mortgage company, not so much a typical bank. They do not have any deposit accounts therefor do not need to be FDIC insured since you have no money to lose. As for if its ... follow all the safe lending laws, but if you are really worried i would go with a more reputable bank.

401k rollover 20 yr old fdic insured. best rate ?

Description : 401k rollover 20 yr old fdic insured. best rate ?

Last Answer : None of the investments in 401k are FDIC insured

Is it adviseable to move my current 401K to an FDIC insured institution?

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Last Answer : If you withdraw from your 401k it might come with a penalty. It might be wise to leave your money in and ride the wave back up when the market rebounds. So is there any way to not be penalized to withdraw from 401k with out a medical reason?

Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Description : Banks in the US, active with the FDIC, only insure $100,000. So if a person has, for example, 10 million dollars and wants to deposit the money in a bank, does he have to look for 100 banks or is there another way to invest that is as low risk as a savings account?

Last Answer : A person with 10 million dollars probably has a diversified investment portfolio with a variety of risk levels and return levels. As a result, his insurance is that not everything will collapse at the ... 10% above inflation, banks are a very poor choice for someone with lots of money to invest.

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Last Answer : Well, if you are doing online banking and stuff having a savings account online and a checking account that isn't online or that's at a different bank can help save money because online banks have ... ? this site says that they have 4 accounts because of how much they save and for security reasons.

Is WoodForest National Bank a FDIC Covered Bank.?

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Last Answer : yes WoodForest National Bank a FDIC Covered Bank.

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Last Answer : buy our first house, buy two cars for my dad and my brother, buy five phones for each of us, donate to all the orphanages in my country and outside, buy all the lands near us lol

What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Description : What is the ceiling on amount of Insured deposits kept by one person in different branches of a bank? A. Rs.25000 B. Rs.50000 C. Rs.75000 D. Rs.1,00,000 E. Rs.2,00,000

Last Answer : D. Rs.1,00,000 Explanation: The deposits kept in different branches of a bank are aggregated for the purpose of insurance cover and a maximum amount upto Rupees one lakh is paid.

Where does FDIC insurance money come from?

Description : Where does FDIC insurance money come from?

Last Answer : It is called the Deposit Insurance Fund. It is about 1% (actual cash on hand) of what could actually be paid out.

Which of the following statements is true of Insured Asset Allocation? A. It is aimed at benefiting from short-term under pricing and over pricing of assets. B. In this strategy the risk tolerance of the investor are ignored. C. In this strategy long-term predictions regarding the capital markets are used. D. In this strategy the asset mix is held constant. E. It is a strategy aimed at achieving the objectives of the investor without depending on market timing.

Description : Which of the following statements is true of Insured Asset Allocation? A. It is aimed at benefiting from short-term under pricing and over pricing of assets. B. In this strategy the risk ... . It is a strategy aimed at achieving the objectives of the investor without depending on market timing

Last Answer : E. It is a strategy aimed at achieving the objectives of the investor without depending on market timing.

If a woman in Texas can't get an abortion under the Govenors law, can she sue him for prenatal care if she isn't insured?

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Last Answer : Ha! Why not? In terms of simple human fairness it's what Abbot and the rest of his Fetus Police deserve. But the reality is that any governor or legislature can escape the kind of ... soveriegn immunity doctrine. It's a long held precedent that all courts recogize and are reluctant to overturn.

Do Georgia car insurance laws mandate under insured driver insurance?

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Last Answer : The state of Georgia, like all other states, requires that all drivers carry no less than minimum coverage, which is detailed here: http://personalinsure.about.com/cs/vehicleratings/a/ ... Under Insured Motorist coverage: http://www.auto-insurance-claim-advice.com/Georgia-insurance-laws.html

Mark correct options a) COD means Cash-on-Delevery b) Under COD system may be exchanged VP parcel c) VP letter, Parcel & COD parcel may be insured in accordance with the conditions d) All of the above are correct

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Last Answer : d) All of the above are correct

Mark the incorrect option a) Not more than one policy will be allowed for one child. The policy can be taken by insured for his/her own child only b) Not more than two children in a family shall be covered under this policy. The same child should not be covered under more than one policy c) The insured of main policy shall not be aged 45 years and above at the time of taking of children policy d) The age of the child note more than 18 year at the time of issue of children policy

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Last Answer : d) The age of the child note more than 18 year at the time of issue of children pol

I heard that the FDIC last year has raised the insurable limit on deposits from $100,000 to $250,000 is it true?

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Last Answer : answer:Lend me $250,000 and I’ll get back to you on that one. :D It looks like is $250,000 now, at least until 2013? Several sources say it’s permanent though.” Check Please. :D

ING has FDIC insurance, but is that worth anything in Australia?

Description : ING has FDIC insurance, but is that worth anything in Australia?

Last Answer : answer:See this link #4.

How does FDIC cover all accounts at one institution?

Description : How does FDIC cover all accounts at one institution?

Last Answer : Feel Free to Answer

does fdic insure interest on cd's ?

Description : does fdic insure interest on cd's ?

Last Answer : yes

how safe is the fdic?

Description : how safe is the fdic?

Last Answer : Most Americans are familiar with FDIC-insured banks,the Federal Deposit Insurance Corporation is a U.S. government corporation which guarantees the safety of most account types in banks that are members, ... your money if it gets stolen from the bank the bank's private insurance should cover that

Are all my accounts covered by fdic?

Description : Are all my accounts covered by fdic?

Last Answer : All deposits in banks and savings and loans are insured up to $250,000 in combination. It would depend on your total dollars deposited in a particular bank.

Where can I get a list of FDIC banks?

Description : Where can I get a list of FDIC banks?

Last Answer : http://www2.fdic.gov/IDASP/ Click on find Offices and from there you can either search for a bank nearest you or download a list of all FDIC affiliated banks. Please note that you will need ... program in order to read the downloaded list. A free substitute for MS Office would be OpenOffice.org

What does FDIC stand for in the new deals program?

Description : What does FDIC stand for in the new deals program?

Last Answer : The FDIC was esablished as part of the Banking Act of 1933 under Franklin D. Roosevelt's New Deal. FDIC is an abbreviation for Federal Deposit Insurance Corporation.

4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy-making body is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Description : 4. Which of the following is true about the Federal Reserve System (Fed)? a. it is a system of 12 central banks b. its Board of Governors is elected by a vote of the people c. its main policy- ... is the FDIC d. it accepts deposits from the public and makes loans to businesses e. all of the above

Last Answer : a. it is a system of 12 central banks

Which musican/artist/hollywood actor/actress has their body part insured for the most money?

Description : Which musican/artist/hollywood actor/actress has their body part insured for the most money?

Last Answer : According to this site, it’s Mariah Carey’s legs for $I billion.

hi...are money market accounts in banks and credit unions insured?

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Last Answer : For the most part these type of accounts are not backed by the FDIC. You should check your local banking institution to make sure.

Mark the correct option. The Indian Post Office is exempted by law from all responsibility in the case of: (A) Loss, misdelivery or delay of registered article in course of transmission by post (B) Wrong payment of inland money order (C) Wrong delivery of insured letter (D) Wrong delivery of insured parcel

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Last Answer : (A) Loss, misdelivery or delay of registered article in course of transmission by post

The addressee can be allowed to use facsimile impression for getting delivery of a) Registered letter b) Money order c) Insured article d) None of these

Description : The addressee can be allowed to use facsimile impression for getting delivery of a) Registered letter b) Money order c) Insured article d) None of these

Last Answer : a) Registered letter

Insured articles addressed to minor may be delivered to a) The minor to whom addressed b) It may be delivered to the neighbors c) No delivery of insured article be made d) The minor in the presence of person who take care of the minor

Description : Insured articles addressed to minor may be delivered to a) The minor to whom addressed b) It may be delivered to the neighbors c) No delivery of insured article be made d) The minor in the presence of person who take care of the minor

Last Answer : d) The minor in the presence of person who take care of the minor

When the addressee of a damaged insured article refuses to take delivery a) The article should be returned to the sender duly protected in a pro bag b) Police complaint to be lodged c) Reported to Divisional office for further order d) Returned to RLO

Description : When the addressee of a damaged insured article refuses to take delivery a) The article should be returned to the sender duly protected in a pro bag b) Police complaint to be lodged c) Reported to Divisional office for further order d) Returned to RLO

Last Answer : a) The article should be returned to the sender duly protected in a pro bag

My buddy just called and said that his bank account was just hit for 11,000. He has been paying child support and has had his wages garnished. How can they just go in and take that money from him?

Description : My buddy just called and said that his bank account was just hit for 11,000. He has been paying child support and has had his wages garnished. How can they just go in and take that money from him?

Last Answer : Although it does not seem right, the government has the ability to do so, if he really finds the matter to be unethical because hes making his child support payments then he can contact an attorney to review the situation with

The first known mention of this term goes back to 1869—Dr. Chase’s Recipes mentions that burdock, yellow dock, sarsaparilla, dandelion and spikenard are the key ingredients. In 1876, Charles Hires began marketing packets of the stuff under the slogan “the greatest health-giving beverage in the world”. What?

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Last Answer : Root Beer.

Is anyone here knowledgeable about Variable Rate Demand Notes? (Floating Rate Demand Notes) - they seem to pay attractive interest, but are not regulated or insured.

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Last Answer : If you are comfortable with the company, it is probably a good investment. Depends on how much money you are talking about. Is it long term money or short term money. If long term, ... fixed annuities. (NOT VARIABLE ANNUITIES). Despite the similarity in name, they are very very different products.

So are the Americans without health insurance insured now?

Description : So are the Americans without health insurance insured now?

Last Answer : answer:Ha ha! Hardly. No we will in a few years time be required to buy private health insurance (with some receiving subsidies from the government) or be subject to a fine. Naturally those ... civilian government employees, e.g.) are exempted. In related news, beefburgers are still $.99

Am I insured on a vehicle that is in my Mom's name or not? California?

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Last Answer : It varies with different insurance companies, but when I was trying to insure my Grandson so he could drive any car owned by me, his Uncle, or his mother, they all told me that the car, not ... along with a family member, I would not be driving their car, to avoid adding any potential issues.

If I am insured for car A and buy car B is car B covered?

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Last Answer : Not even a little bit. You need to transfer your insurance to the new car. Most insurance companies will let you do this online.

When will I be insured if I start paying for TB individually?

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Last Answer : From the day you report (since you'll still have to pay some). You can see a doctor as soon as you report it. However, you also have to pay back if, for example, you have not been insured for half a year and you have just started paying.