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Ive heard that the Federal Deposit Insurance Corporation (FDIC) only insures the bank holding company, and not individual depositors. Is that true?

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Ive heard that the Federal Deposit Insurance Corporation (FDIC) only insures the bank holding company, and not individual depositors. Is that true?

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Quite the contrary, the FDIC insures depositors, not banks. So you are protected up to $100,000.

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