Is My Money Safe In A Bank?

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Is My Money Safe In A Bank?
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Is My Money Safe In A Bank?
Is my money safe in a bank? Think about it,
if the day comes that financial institutions
fail, what do you think will happen to your money
in your bank accounts.  Walk in the FDIC, the
Federal Deposit Insurance Corporation (FDIC) can
provide some peace of mind if you know what it
does and how it protects your money. If an
insured institution fails,  the FDIC reimburses
qualified account owners dollar-for-dollar for
losses, but only up to the insurance
limit. Let's see what the FDIC covers and does
not cover.
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What The FDIC Covers
All depositors, businesses and other entities,
are eligible for coverage. FDIC insurance covers
the following types of deposit accounts within
insured institutions     checking  
 savings    NOW (essentially, interest-earning
checking accounts)    money market deposit
accounts (MMDAs)    certificates of deposit
(CDs), and    cashiers' checks, money orders,
and other "official checks" The easiest way to
know if your bank or savings association is
insured is to look for the official FDIC sign --
it must be displayed at each teller window. 
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What The FDIC Doesnt Cover
The following are not covered by FDIC, even if
they are offered by an insured bank     mutual
funds    annuities    life insurance
policies    stocks    bonds    treasury
securities    other investment products,
and    contents of a safe deposit box (though
you may be covered by the bank's private
insurance or your homeowner's insurance). What
do you think, is s your money really safe in a
bank?
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The Wrap Up
The FDIC does the best that they can, but that
best still leaves your money at risk, sometimes a
very high risk depending on how much you have
"saved" in that bank. This is just one if the
reasons GolverCard was developed, to help YOU
keep ALL you money safe, by having you money
backed by actual gold and silver. Read full
post www.golvercard.com/is-my-money-safe-in-a-ba
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GolverCard Explainer Video
GolverCard is an innovative savings and payment
system backed by gold silver. We offer the
benefits of the precious metals industry through
gold and silver, with all the advantages of the
banking industry. Watch Our Explainer Video!