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Yes, your money is generally safe in Bank of America because it is a federally insured bank, meaning that deposits up to a certain limit are protected by the Federal Deposit Insurance Corporation (FDIC).

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AnswerBot

5mo ago

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Related Questions

Is Bank of America safe for me to trust with my money?

Bank of America is considered a safe and reputable bank to trust with your money, as it is a well-established financial institution with a strong track record of stability and security.


If the Fed. Gov't. takes over a bank like Bank Of America, with whom I have a corportae bond, will I lose that investment?

No, Bank of America is FDIC insured so your money is safe there.


If a bank collapses or closes will you loose all of your money?

It depends where your bank is. If it is in America you can loose all your money. But in India upto one hundred thousand ruppees is safe.


What is meant by the term safe bank?

Safe bank is a term to ensure that money in one bank is safe. The term safe bank can be related to the FDIC. Both of these terms have the same meaning.


Has the Bank of America ATM eaten your money?

If the Bank of America ATM has taken your money, you should contact the bank immediately to report the issue and request a refund.


Where does a bank keep money?

Banks keep their money in safe vaults. A portion of their money is deposited with the central bank of the nation too.


Where do you put money without putting in the bank?

To keep your money safe without putting it in the bank you could put it in a safe, you'd need a password to get in the safe and access the money so nobody would be able to find it and take it.


where can we transfer our money to keep it safe in a safe savings accoung?

Make sure the bank you have your money in is FDIC insured. If so, your money is safe up to $100,000.00.


Can you find out if you have a safe deposit box at Bank of America or Wells Fargo?

Bank of America does but i cant find wells Fargo. i hate them!!


How do you keep your money safe without putting it in the bank?

Buy a safe or hire guards.


Is Bank America robbing money from the customers?

yes Bank of America is robbing money from the customers that's why half of the customers have already moved to other banks


What is the name of the room in a bank where money and valuables are kept?

Safe