Ask Experts Questions for FREE Help !
Ask
    Maxine894's Avatar
    Maxine894 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 10, 2008, 06:42 AM
    Are all bank accounts insured by the FDIC?
    I know that most banks are FDIC insured and in those banks, the accounts are insured for up to $100,000. My question is this: Are banks required to be FDIC insured or is it optional? And if they are insured, are there any bank accounts that cannot be insured? I can't find information on these questions anywhere.
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #2

    Sep 10, 2008, 07:46 AM
    Not all banks are insured. A Bank would be prominently listed as a member of the FDIC.

    And yes, some types of accounts are not insurable.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Motgage Insurance vs. Life Insurance [ 6 Answers ]

Hi-- I just bought a new house and am getting solicitations for mortgage insurance if I kick the bucket. I don't want my wife to have to be burdened by mortgage debt. Had thought about getting term life insurance to cover the mortgage amount, what's the better approach??

Fdic [ 1 Answers ]

Hi: How do I find out whether a bank is FDIC as advertised?

View more questions Search