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Started By
Message
re: FDIC Insurance
Posted on 3/14/23 at 11:49 am to Rex Feral
Posted on 3/14/23 at 11:49 am to Rex Feral
I think it has to do with how it is setup at the bank.
Based on your scenario, that should fit the coverage requirement. 4 separate accounts to 4 separate LLCs.
Keep in mind that FDIC reserves 100 years to pay the claim in full. That is their legal obligation to fulfill qualified claims.
I'm not a banker.
Based on your scenario, that should fit the coverage requirement. 4 separate accounts to 4 separate LLCs.
Keep in mind that FDIC reserves 100 years to pay the claim in full. That is their legal obligation to fulfill qualified claims.
I'm not a banker.
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