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What is the FDIC?

Updated over 2 weeks ago

The FDIC (Federal Deposit Insurance Corporation) is an independent U.S. government agency that protects customers’ money deposited in member banks.

👉 If a bank faces financial problems or even fails, the FDIC insures your money up to $250,000 per person, per bank.

In simple terms: the FDIC is like a free, automatic insurance that gives you peace of mind knowing your money is safe.

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