Deposit Radio Release For Free

What is the main purpose of the FDIC? To protect customer deposits from loss, since they are the main source that FI's use to provide financial services.

The FDIC provides resources to educate and protect consumers, while working to revitalize communities. These resources provide practical guidance on how to become a better user of financial services, make informed financial decisions, and protect against financial scams and fraud.

FDIC is one of the longest-lasting and greatest accomplishments of the New Deal. Its policies have changed little over the years. Notably, the upper limit on the amount insured per account has risen and regulators have come to favor bank mergers over the bankruptcy of major banking houses.

The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.

FDIC regulations require that an official sign be displayed at each station or window where deposits are usually and normally received.

FDIC insurance is the means by which the Federal Deposit Insurance Corporation protects your accounts if your bank fails. The standard insurance amount is $250,000 per depositor, per account ownership type, per financial institution. Consumers don't have to do anything to take advantage of this coverage.

The FDIC insures deposits; examines and supervises financial institutions for safety, soundness, and consumer protection; makes large and complex financial institutions resolvable; and manages receiverships.