What is the meaning of deposit insurance?

Answer A certain amount of your deposits at many banks are covered by deposit insurance. Deposit insurance is offered by the government agencies and guarantees your money won't be lost if the bank fails.F... Read More »

Top Q&A For: What is the meaning of deposit insurance

What does loss of deposit mean on a travel insurance policy?

You can't stop tourists from using natural resources. Trying to do that will end your tourist industry on the spot. People are going to use resources no matter where they are. What you want to do i... Read More »

Can federal deposit insurance costs assessments be passed onto individual accounts?

Federal Deposit Insurance Corporation regulations do not strictly prohibit the practice of banks passing on assessment costs to individual account holders. However, Part 327.4(e) of the FDIC 2000 R... Read More »

How do I calculate yearly deposit amounts based on total certificate of deposit amount?

Figuring the DepositAdd 1 to the interest rate per month, then raise the number to the power of the number of times the CD compounds. This is the interest factor. Divide the total amount of the CD ... Read More »

Why didn't my bank credit my deposit How long does a deposit from Nigeria take?

Yeah, go ahead and send me that account number... I'll look into it for you.PS: Oh yeah, I'll need the routing number, your zip code, and the last 4 digits of your social as well.Edit: Thanks, Mike... Read More »