If a bank goes out of business, your money is typically protected up to a certain amount by the Federal Deposit Insurance Corporation (FDIC). This means you should be able to recover your funds, up to the insured limit, even if the bank fails.
You still owe money.
According to my opinion, if a bank goes out of business or becomes bankrupt then credit card cannot continue to charge interest . Because now bank has no rights to give and take money from anyone.
If a bank goes under, your money is typically protected up to a certain amount by the government through the Federal Deposit Insurance Corporation (FDIC). This means you should be able to recover your funds, up to the insured limit, even if the bank fails.
If your bank goes bankrupt, your money is typically protected by the government up to a certain limit, usually around 250,000 per depositor per bank. This means you should still be able to recover your funds, but it may take some time and paperwork to do so.
if you save your money in the bank you are quite sure if anything goes wrong (i.e robbery, fire-outbreak etc) the bank will replace it.
You still owe money.
It'll lose money.
According to my opinion, if a bank goes out of business or becomes bankrupt then credit card cannot continue to charge interest . Because now bank has no rights to give and take money from anyone.
It means a bank goes out of business or goes bankrupt.
If a bank goes under, your money is typically protected up to a certain amount by the government through the Federal Deposit Insurance Corporation (FDIC). This means you should be able to recover your funds, up to the insured limit, even if the bank fails.
If your bank goes bankrupt, your money is typically protected by the government up to a certain limit, usually around 250,000 per depositor per bank. This means you should still be able to recover your funds, but it may take some time and paperwork to do so.
You save a bunch of money, but AA goes out of business.
If a bank goes bankrupt, the money you have deposited in that bank may be protected up to a certain limit by the government's deposit insurance program. However, if the bank's assets are not enough to cover all its debts, you may lose some or all of your money. It is important to check the deposit insurance limits in your country and spread your money across different banks to reduce the risk of losing it all in case of a bank failure.
If a bank goes bankrupt, your money is typically protected up to a certain limit by the government through deposit insurance. This means you should be able to recover your funds, but it may take some time and there could be restrictions on the amount you can access.
I would contact the prosecuting attorney, if what you are saying is that you paid for this and they company is no longer in business, you should attempt to get your money back.
it goes to a blood bank
It is very important that any bank you use be FDIC insured. the FDIC insures that if the bank goes out of business or otherwises loses it's money, that your money will be replaced by the federal government. Otherwise you run the risk of losing any money you deposit in the bank if they go under without FDIC insurance.