How does FDIC cover all accounts at one institution?

1 Answer

Answer :

Feel Free to Answer

Related questions

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

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?

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.

Description : Which one of the following statements is correct ? (A) Audit of an educational institution is compulsory if it is run by a charitable trust (B) A club is treated as a commercial establishment ( ... who belongs to accountancy profession (D) Audit of a charitable trust is not compulsory under law

Last Answer : Answer: Audit of an educational institution is compulsory if it is run by a charitable trust Free

Description : A debt which is irrecoverable and is therefore written off as loss in the accounts of an institution or bank is known as __________ A. external debt B. good debt C. bad debt D. internal debt

Last Answer : C. bad debt Explanation: The term bad debts usually refers to accounts receivable (or trade accounts receivable) that will not be collected.

Description : Other than FDIC limits, is there any reason to use more than one bank?

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.

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

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

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.

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.

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

Last Answer : answer:See this link #4.

Description : How much of my bank deposits are FDIC insured?

Last Answer : The limit for one person, one account is $250,000. In 2014, that number will reduce to $100,000.

Description : What is the maximum bank CD amount that is FDIC insured?

Last Answer : The maximum FDIC insured amount TOTAL for any individual is $250,000, so you have to consider all of your bank savings and bank CDs. Remember that stocks are not covered and other investments are not necessarily FDIC insured.

Description : Are iberiabank cd;s FDIC insured?

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

Description : 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?

Last 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.

Description : does fdic insure interest on cd's ?

Last Answer : yes

Description : Is Sovereign bank FDIC insured and for how much?

Last Answer : Yes, their bank is FDIC insured for up to 100,000.

Description : Is Alma Bank an FDIC insured bank ?

Last Answer : Yes, Alma Bank is an FDIC insured bank. A quick check of their web page reveals this.

Description : is bank of america fdic insured?

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.

Description : What is the limit for fdic insured certificates of deposit in Omaha, NE?

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

Description : Is EECU Credit union in Ft. worth FDIC insured?

Last Answer : It appears that the answer is...no. Their website lists the logo of the "National Credit Union Administration, a U.S. Government Agency", and claims "Member accounts are federally insured to at least ... . EECU may have some other form of insurance, but it does not seem to have FDIC coverage.

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

Description : Is ING Direct an FDIC insured bank ?

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.

Description : Is WoodForest National Bank a FDIC Covered Bank.?

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

Description : Is Flagstar bank FDIC insured?

Last Answer : Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.

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

Last Answer : If you have under $100,000 in all combined accounts at one particular FDIC-insured bank, you are covered.

Description : is sterling bank fdic insured?

Last Answer : Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.

Description : Best FDIC insured CD rates for 6 to 13 months?

Last Answer : www.selectcdrates.com/ is a great place to look for that infomration and have it be up to date

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

Last Answer : In Vero Beach, Florida, you can currently get CD rates all the way up to 3.25%. Most short term CDs are closer to 2%, however.

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

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.

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

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

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

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.

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

Description : What type of savings institution pays the most interest on a savings account?

Last Answer : In the US, there are all sorts - like dozens and dozens - of banks that are offering 2.50 or 2.60% on money these days. Go to https://www.bankrate.com and click on either Savings ... but there are some mild restrictions on how many transactions per month. Really easy to find alternatives these days.

Description : What can be against the law to be taught esp. in a private institution?

Last Answer : Well teaching hate might be a problem.

Description : Which institution do I contact for this?

Last Answer : Time spent is well worth it, call both.

Description : Can a potential employer or college institution demand to see your Facebook profile if it is set to private?

Last Answer : They can demand all they want. I wouldn’t take a job that included such an invasion. They are hiring me for the hours for which they are paying me. What I do while not on the clock is none of their business.

Description : What are some activities or hobbies you've decided (and succeeded) to learn/do on your own - outside an institution or framework?

Last Answer : I made a few pieces of artwork with pastels. I’ve never had an art class in my life.

Description : Is American Military University a respectable institution?

Last Answer : I am not an expert on the matter but, for now, online universities aren't seen as credible as ones that you attend. This is changing, however. Many universities are offering coursework online ... know little about military academic institutions. Are there peers who are doing the same you can ask?

Description : Hacking into State institution computer systems should the Governments make use of the hacker's talents?

Last Answer : This is not a question.

Description : Can someone who went on a shooting spree let's say, refuse psychotherapy and still get out of the mental institution?

Last Answer : Are you referring to Michael Meyers?

Description : I need to write a social commentary about an issue or institution, any ideas?

Last Answer : This could be a fun one, I know I’d enjoy reading commentary on it.

Description : If you were taken in to a psychiatric institution whom would they say you were impersonating?

Last Answer : Brian Shaw, PhD (Author of Cognitive Behaviour Therapy for Depression) or Maimonides a famous rabbi, physician and philosopher.

Description : What is the best online investment institution?

Last Answer : I don't really know much about investing, but I'm pretty sure ING has Roth IRAs with low minimums - the last time I checked, it was somewhere around $250 for the initial investment. Don't know how good their IRAs are, though - anyone had any experience with them?

Description : How and why have the family as an institution changed...

Last Answer : answer:Isabel, in what specific ways do you THINK the institution of “family” has changed? Can you cite some specific examples of what you mean? If so, perhaps I can help you to devine an answer. August 24, 2008, 9:00 AM EDT

Description : Can you recommend a good financial institution for a commercial loan?

Last Answer : The market climate isn’t particularly allowing right now. Maybe someone will be able to make a recommendation?

Description : Did new spirit of individualism affect the family institution in cities? -SST 10th

Last Answer : . The city of London encouraged a new spirit of individualism among both men and women and a freedom from the collective values that were a feature of the smaller rural communities. . Both men ... liberty, rights or independent action of the individual, rather than of the community or the family.

Description : What were the reasons for the breaking down of the family as an institution? -SST 10th

Last Answer : '. Women of the upper and middle classes faced higher level of isolation. . Ties between members of the household loosened and among the working class, the institution of marriage tended to break down. ... broken down, due to working women so they need to push these women back into their homes.

Description : Why did the Bretton Woods Institution begin to shift its attention more towards developing countries? -SST 10th

Last Answer : . The IMF and the World Bank were designed to meet the financial needs of the industrial countries. . They were not equipped to cope with the challenge of poverty and lack of ... the late 1950s, the Bretton Woods Institution began to shift its attention more towards developing countries.

Description : In which constitutional institution have seats been reserved for women? -SST 10th

Last Answer : Panchayats and Municipalities.

Description : a depository institution takes deposits from ______ and earns most of its income by _______. -General Knowledge

Last Answer : households and​ firms; making loans and buying securities that earn a higher interest rate than that paid to depositors.