FDIC/bank insurance questions

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Posted by Grendel on March 26, 2008 at 13:29:04:
I don't normally keep a ton of money in the Bank, but sometimes between properties I will have $300,000+ in the Bank. So I had some questions related to FDIC insurance, in case the Bank folds while I have a lot of money on deposit. I think it would be a little awkward asking the Bank these questions.
It is my understanding that FDIC insures deposits up to $100,000, is that correct? Does that apply to either checking or savings? Does it apply to business accounts or just an account in my name personally? If I have more than one account at the same Bank, in different closely held LLC names, is each account covered up to $100,000 or is it the sum that is covered up to $100,000.

Follow Ups:

Re: FDIC/bank insurance questions Dave T 13:31:35 03/29/08 (1)

Now you are talking SIPC JT-IN 15:07:09 03/29/08 (0)

Re: FDIC/bank insurance questions KAZUKO (CO) 04:11:51 03/28/08 (0)

from the horse's mouth..... Natalie-VA 06:20:22 03/27/08 (0)

Re: FDIC/bank insurance questions Rick, the Probate Guy 18:15:42 03/26/08 (0)

Re: FDIC/bank insurance questions michaela-CA 16:44:50 03/26/08 (1)

Just looked up the FDIC website Rich-CA 21:32:43 03/28/08 (0)

Re: FDIC/bank insurance questions Killer Joe 13:48:31 03/26/08 (0)

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