0
I have been told they have upto 99years to pay, but as of now they are overdrawn by 5billion dollars and that they are a privatley ownd business and can file bankruptcy, if they do file the court siezes there assests and speads it around so you could only see 5% of you money lol
What else can I help you with?
How long does it take to receive and FDIC payout after a bank fails?
It depends on the bank (smaller, regional banks will possibly have payout troubles; large banks will probably get bailed-out), the type of asset, the value and the liquidity. Generally, the greater the value, the longer the time. Keep an eye on what's going on...no one really knows how things are going to play out, since we are in uncharted economic waters right now.
Is money safe when the bank fails?
As long as your bank is insured by the FDIC the first 250k of each bank account is covered by the FDIC
How long does it take for a payout from retirement and pension fund?
6 weeks
Is your money safe if you are to deposit it in banks?
As long as the online bank is a member of the FDIC, the money you deposit in your savings account is federally insured up to $250,000. You can check the current FDIC status of the bank by going to the FDIC website. Never open any bank account, online or off, with a bank that is not an active member of the FDIC.
Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
How long does it take to receive and FDIC payout after a bank fails?
It depends on the bank (smaller, regional banks will possibly have payout troubles; large banks will probably get bailed-out), the type of asset, the value and the liquidity. Generally, the greater the value, the longer the time. Keep an eye on what's going on...no one really knows how things are going to play out, since we are in uncharted economic waters right now.
Is money safe when the bank fails?
As long as your bank is insured by the FDIC the first 250k of each bank account is covered by the FDIC
How long does it take for a payout from retirement and pension fund?
6 weeks
Is your money safe if you are to deposit it in banks?
As long as the online bank is a member of the FDIC, the money you deposit in your savings account is federally insured up to $250,000. You can check the current FDIC status of the bank by going to the FDIC website. Never open any bank account, online or off, with a bank that is not an active member of the FDIC.
How long should I wait for the highest possible annuity payout?
The amount of time that one should wait for the highest possible annunity payout is at least 1 (one) year.
Is Flagstar bank FDIC insured?
Flagstar bank is a member of the FDIC and deposits are FDIC insured up to $250000 per account.
Do i get a life insurance payout if i lose the job?
No. You will get a payment from the insurance policy if either * You are killed due to an accident or health issues or * You meet with an accident and are permanently disabled As long as you are healthy and alive, you will not get your insurance payout.
How did the FDIC start 1929?
The FDIC started in 1929 as a result of the depression
Who owns the FDIC?
The FDIC is a government-owned corporation, which means everybody does :)
is sterling bank fdic insured?
Yes, Sterling Bank is FDIC insured. All non-interest amounts in your account will be guaranteed by the FDIC.
Is my Fidelity 401k FDIC insured?
No, your Fidelity 401k is not FDIC insured. FDIC insurance is for bank accounts, not investment accounts like a 401k.
What is the role of FDIC?
The FDIC stands for Federal Deposit Insurance Corporation. The FDIC's role is to insure depositers up to a certain amount of money. They previously insured up to $100,000 however recently changed it to $250,000. The FDIC's job is guarentee that people's money is safe within their bank. If a bank is FDIC insured there should be signs within the bank with an FDIC logo on it.
