FDIC

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How FDIC Insurance for Business Accounts Works

The Federal Deposit Insurance Corporation (FDIC) ensures the safety of cash deposited in insured banks, providing a protection of up to $250,000 per account in the case of a bank failure. You may find yourself asking: What does the FDIC do? Beyond insuring the money held in accounts, the FDIC works to establish a sense of public trust, redundancy, and…