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Bank Account
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guyinrubbersuit
The Lotus Eater


Member 628

Level 30.15

Mar 2006


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Old Oct 9, 2006, 01:14 AM Local time: Oct 8, 2006, 11:14 PM #1 of 22
Originally Posted by Render
Banks in the USA seem absolutely sleazy. From what I understand, anyone can open a bank and if it goes bankrupt well, game over man.

Unless the bank is FDIC insured, which means that if anything happens to the money you have in bank that is not of your fault, it is insured up to $100,000. This was enacted after the Great Depression since everyone was withdrawing, bankrupting the banks, and they were not able to get the money to everyone.

Make sure the bank is FDIC insured before going with it. Chase and Bank of America are more than likely, I'm 99.9% certain they are FDIC insured.

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