FDIC is a Federal Government provided insurance program provided through Federally regulated banks. It provides insurance protection for depositors so that they will not have to worry about the security of their money deposited in these insured banks. There is a similar program called the FSLIC that provides the same coverage for Savings and Loans. Other programs are provided for Credit Unions and for Brokerage Accounts.
It is not insurance in the customary sense of the term. Instead, it is in the nature of a bail-out program in the event that a financial institution becomes insolvent. There exist limitations on the amount that each depositor can recover per account from the program.
bank deposit
The initials are FDIC for federal deposit insurance corporation.
Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation, FDIC
FDIC stands for Federal Deposit Insurance Corporation. Fdic insurance allows you to be covered and not lose any money when having a deposit account if your financial institution fails.
Federal Deposit Insurance Corporation
The FDIC or Federal Deposit Insurance Company is a Federal Government Corporation in the United States that now provide deposit insurance and safety for a depositor's account up to $250,000.
It depends on if the bank is a member of the Federal Deposit Insurance Corporation or not. If you get a cashiers check from a bank that is insured by the Federal Deposit Insurance Corporation, then that check is insured.
Am example of a government corporation is: amtrak Post Office Federal Deposit Insurance Corporation (FDIC)
The Federal Deposit Insurance Corporation(FDIC) in the 1930's
FDIC - Federal Deposit Insurance Corporation