Casey State Bank’s Post

FDIC insurance coverage protects your business by ensuring that deposits are secure, even if the bank fails. This safety net promotes trust and stability, letting you focus on growth while safeguarding your cash reserves. #FDIC #BusinessSecurity #BankingTips

Are your bank deposits exceeding the $250,000 FDIC insurance limit? With the latest FDIC update, trust accounts with five or more beneficiaries enjoy coverage up to $1,250,000. Discover how this change impacts your accounts and how to protect your assets. For more details, read the full article through this link: https://lnkd.in/g5Ki9hxA. 💰🔍 #FDICInsurance #TrustAccounts #FinancialSecurity #MeyerPinkLaw #ProtectYourAssets

Since FDIC insurance began in 1934, no depositor has lost insured funds. That’s why we offer IntraFi for large deposits—to keep your money safe. Looking for a convenient way to protect more than $250,000 so you know it’s there when you need it? Ask a Waypoint Bank team member about IntraFi today. Learn more about IntraFi here: https://lnkd.in/d_sAMjHH #WaypointBank #FDIC #IntraFi

US regulators seized Republic First Bancorp after the failed institution agreed to sell to Pennsylvania-headquartered Fulton Bank. Republic Bank had about $6 billion in total assets and $4 billion in total deposits, as of Jan. 31, 2024. The FDIC estimates that the cost to the Deposit Insurance Fund related to the failure will be $667 million. The decision marks the latest regional bank failure and marks the 10th failed financial institution this decade so far. I've received more inquiries about FDIC coverage during the past 14 months than I normally do. It's interesting because 10 failed banks (so far) in the 2020s is a fraction compared to the 367 that went belly up in the 2010s. One of the ways to help preserve all your deposits is to review coverage you have at each institution. Reach out to me if you'd like to discuss ways to increase your FDIC limits. https://lnkd.in/edB5QMGH

Did you know you can gain access to multi-million-dollar FDIC insurance when you invest your deposits in IntraFi Network deposits like CDARS® and ICS® accounts? When you place significant deposits through us , your funds are strategically distributed into accounts issued at other banks within the network. This means both your principal and interest enjoy full FDIC protection. Plus, you maintain the ease of working exclusively with Alliance Association Bank - a bank you know and trust. Discover the true potential of IntraFi Network Deposits like CDARS and ICS accounts and the benefits they can bring to your association: https://bit.ly/3H2mV8H #HOABanking #HOAManagement

Did you know that banks don't protect ALL of your hard earned dollars? 💰🔒 It's true. there are unique rules and coverage limits under FDIC insurance based on the different account types and our latest guide breaks it all down for you. Keep your money safe and secure with these essential tips 🏦💵 https://hubs.la/Q02DKSLj0 #FDIC #Deposits #FinancialSecurity

What does it mean when a bank says it's "member FDIC"? They're telling you that your deposits with them are insured by the Federal Deposit Insurance Corporation (FDIC), an independent federal agency that safeguards customer deposits if a member institution fails. The FDIC covers up to $250,000 per depositor, per FDIC-insured bank, per ownership category. In other words: your money is safe at an FDIC-insured institution, including your Minnesota community bank! 🏦 #bankterms #communitybanking #banklocal #bankinmn

Gainey Business Bank offers capable, consultative banking solutions in a highly personalized format.

Q: If my bank is fully digital, how do I know if my money safe? A: Securing your data is our number one priority. We do this through utilizing industry-standard protocols to ensure safety and confidentiality of your data, enforcing multi-factor authentication across all accounts and transfers, employing state-of-the-art tools to detect and halt suspicious activity in real-time and the option to safeguard your deposits with FDIC Insurance on funds up to $10 million by using our insured cash sweep accounts. *Up to $10 million of additional FDIC insurance through a network of participating banks.

Maximize Your FDIC Coverage: Smart Strategies Revealed Discover how to effectively boost your FDIC deposit insurance beyond $250,000. We'll explore different account types and strategic titling options to ensure your savings are fully protected. Don't miss these essential tips for safer banking! #FDIC #DepositInsurance #BankingTips #FinancialSafety #SavingsStrategy #WealthManagement #JointAccounts #TrustAccounts #FinancialLiteracy #SmartBanking