Latest responses to “Is My FDIC Insured Checking Or Savings Account Safe If My Bank Fails?” Copyright 2012, MoneyBlueBook.com 436130 2010-05-22T17:27:02-07:00 Bob Burns I have been hearing conflicting messages as it relates to a Corporations FDIC coverage for business operating checking accounts that are non interest bearing. I have heard non interest bearing corporation checking accounts are insured up to 100% of their balances, regardless if they are under or over $250,000.? Any clarification regarding this would be greatly appreciated. 436120 2009-12-10T16:27:12-08:00 richard goldstein do stockholders lose all their money when a bank fails? 436090 2009-06-16T10:31:24-07:00 Foot In Mouth "I would probably have the bulk of my money either invested in mutual funds, index funds, money market funds, or other broadly diversified investments that have never been known to actually fail" Except the money funds that failed in September!!! 436110 2009-03-14T12:58:15-07:00 angela My fear is that the GOV has always put rich people first. I fear that should 1929 repeat, the same will happen again. Right now we have about $4,000.00 in the bank. part in joint acc and part in single acc. Since we don't have much money the GOV knows we can't get an attorney to fight what ever they do. Look how long it took for minimum wage to be raised, 10years. And it is still to low. And they pass laws that pay factories to close up and move over seas. Those of us with little to know education hope and pray for factory jobs, because they have always paid $10 hr and up. Now, those jobs are vanishing. We are losing our homes and we can't buy anything that isn't a need. The poor are the majority of this country and because we are losing jobs we can't spend money. This is why the economy is dropping more and more each day. 435880 2009-03-05T12:25:41-08:00 Paul Is there a time frame in which the FDIC has to return your insured money if your bank fails ? 436100 2009-02-21T12:37:56-08:00 caz Would we be fully covered by FDIC if we have $500000 in a joint cd at b of a and another $200000 in a joint cd at first republic bank, which is also owned by b of a? Thanks 436080 2008-10-22T23:03:30-07:00 Curious What a great ANSWER!! But, what if a bank is in trouble, your account is depleting and now there is only half of what you had before Sept.16,2008? WHAT AMOUNT WILL THE FDIC PAY:Before all the trouble started or the amount that is left after the new bank buys in? Does the FDIC have to close the bank first before you get anything? I am speaking of Wachovia and Wells Fargo. What a magilla!Should the account be closed?Thanks. 436040 2008-09-30T01:23:04-07:00 Raymond Whata Jerk, No, My understanding and I'm 95% certain of this, is that the FDIC Insurance Coverage provides prompt lump sum payment. A staggered installment reimbursement plan like you described seems very counter to the spirit of true federal government protected FDIC insurance coverage. This prompt one time payment in full is probably why there have been unfounded concerns about FDIC bankruptcy, which will never happen. If all fails, the government would simply authorize itself and the U.S. Mint to print more money. 436030 2008-09-30T01:12:02-07:00 whata jerk Does the FDIC pay your $100,000 coverage with a "pennies on the dollar" payment plan? I.E. you have $80,000 in the bank and they pay you $1,000 a month for 80 months? 435970 2008-09-22T17:17:53-07:00 Raymond Conehead, Yes, but I believe the key operative word here is "legitimate". You can't form a separate sham Limited Liability Company for the sole purpose of trying to bypass ordinary FDIC insurance coverage limits.