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Deposits in excess of the maximum insured amount ($200,000, or $400,000 for a joint account) are gone. The Fed will have another bank take over the failed bank's operations and you should get notice of that. Access to funds under the maximum amounts are available just the way they were before, and usually within a few days.
http://www.fdic.gov/bank/individual/failed/index.html
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∙ 14y ago
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What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
Can a bank take your deposits out of your account after you have filed for bankruptcy?
no because you have no money idiot
What happens to your money if your bank files for bankruptcy?
Banks are insured up to 100,000.00 by the government.
What is Bank of America's bankruptcy department mailing address?
If you have got into too much debt and cannot pay the money you still owe you may consider filing for bankruptcy. The Bank for America address for bankruptcy is, Bank of America, Attn: Bankruptcy Department, 475 Crossy Point Pkwy, PO Box 9000, Getzville, NY 14068-9000.
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
What happens if your bank goes to bankruptcy and you owe money to them?
You still owe money.
How can you file a bankruptcy and not lose any money in the bank?
Why are you filing bankruptcy if you have money in the bank? You are entitled to exemptions, which may include some money in a bank account. The amount you may exempt will depend on whether your state has its own exemptions or allows you to use the federal exemptions.
Should you take your money out the bank before filing bankruptcy?
yes
Can a bank take your deposits out of your account after you have filed for bankruptcy?
no because you have no money idiot
What bank offers the most flexible access to your money with the most fewest restrictions?
What bank offers the most flexible access to your money with the fewest restrictions?
What happens to your money if your bank files for bankruptcy?
Banks are insured up to 100,000.00 by the government.
Which type of bank offers the easiest access to you money?
Probally a bank with an ATM!
What is needed to open a new bank?
Money, or access to it.
What is Bank of America's bankruptcy department mailing address?
If you have got into too much debt and cannot pay the money you still owe you may consider filing for bankruptcy. The Bank for America address for bankruptcy is, Bank of America, Attn: Bankruptcy Department, 475 Crossy Point Pkwy, PO Box 9000, Getzville, NY 14068-9000.
What happens when a bank has no reserves?
reserves is the money that a bank holds aside just in case they run out, they'll have money to back them up.When a bank runs out of reserves they can either get loans from the government or file bankruptcy.
Do you have to justify using money in your bank account?
You do not have to justify using money in your bank account unless you are in the middle of a bankruptcy and someone is overseeing what you are doing. There are few occasions where you have to divulge this type of information.
What is the best way to get a credit card after bankruptcy?
The best way to get a credit card after bankruptcy is to show a sense of money management to the prospective bank, make money elsewhere and be sure to keep your credit scores going upwards.
