It is temporarily at $250,000, normally $100,000
That is per DEPOSITOR. In example: if you have $1M and 10 people on the signature card, it's all covered in one account. Dumb idea, but you get the jist.
Quote:
Originally Posted by stomachmonkey
Thought you could open multiple accounts at an institution and be covered. Meaning FDIC covers the account and not the institution.
Even still I'd prob opt for separate institutions.
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