Where do you have money Sebastian ? Now imagine your

Question

Nexo Community

Yavor G.

Where do you have money Sebastian ? Now imagine your

bank bancrupt what is going to happen ?

#cryptocurrency #english #nexo

0

12.11.2022

3 ответов

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Yavor G. Автор вопроса

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I think your savings is secured by the reserve ban...

I think it depends on the country and the bank politic because federal banks are only in US, however for some EU countries I am unsure thats the deal 😂

0

12.11.2022

Sanguine Tryst

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I think your savings is secured by the reserve ban...

The FDIC ensures bank accounts to $250,000 per account. However, in the last financial banking crisis, the FDIC went insolvent and required the banks to bail them out. I wouldn't count on the FDIC if there was another major banking crisis, especially since Dodd-Frank was passed which prevents banks from getting government bailouts again.

0

12.11.2022

ㅤ · Accepted Answer

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I think your savings is secured by the reserve bank/federal bank till a limit. Even if the bank goes down, you will get your money bank till that pre declared limit. At least that's how it works in my country.

0

12.11.2022

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