What Happens When Your Bank is Seized by the FDIC?

Posted by MMarquit under Finance
From http://www.goodfinancialcents.com 5221 days ago
Made Hot by: ShawnHessinger on August 11, 2010 4:10 am

What happens when a bank is seized by the FDIC? Your money is generally safe, but you may need to wait to access it, depending on who gets charge of the bank.

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Comments

Written by businessavante
5221 days ago

I grew up hearing horror stories from my parents & grandparents about the "run on the banks". At least (for the time being) it's just a matter of inconvenience - for some maybe a very bad inconvenience (if their rent is due, etc).

businessavante

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Written by yoni67
5221 days ago

Miranda,

You're scaring me. Credit ratings. Debt. Now bank failure! I have to admit though, each and every one of your submissions has been incredibly informative and informational. Scary though!

Yoni

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