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Is My Money Safe In A Bank?

Think about it, is my money safe in a bank? Learn what the FDIC covers and doesn't cover. For more information visit: http://www.golvercard.com/blog/2015/3/24/is-my-money-safe-in-a-bank

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Is My Money Safe In A Bank?

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  1. Is My Money Safe In A Bank? GolverCard.com | @GolverCard

  2. 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. GolverCard.com | @GolverCard

  3. 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.  GolverCard.com | @GolverCard

  4. What The FDIC Doesn’t 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? GolverCard.com | @GolverCard

  5. 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-bank GolverCard.com | @GolverCard

  6. 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!

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