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#pacwest — Public Fediverse posts

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  1. Okay, seeing more "bank run" news in the US, this time from #PacWest.

    US folks, if you're with an #FDIC insured bank, the US government will replace USD$250,000 -=per account=- of your money if the bank fails.

    That's:
    * personal checking
    * personal savings
    * business checking for a sole proprietorship (if you have one)
    * business savings for a sole proprietorship (if you have one)

    [I think that's the key types of insured accounts that one individual can have.]

    #US #banking #FDIC #NCUA