Correct me if I'm wrong, but the $250,000 FDIC insurance is per Bank, correct so if you had $500,000, you would simply divide it evenly among two FDIC insured accounts at two different banks and all of it would be insured. This is on the depositors if they dumped all their money in one bank knowing that only that portion of it was insured.
Correct me if I'm wrong, but the $250,000 FDIC insurance is per Bank, correct so if you had $500,000, you would simply divide it evenly among two FDIC insured accounts at two different banks and all of it would be insured. This is on the depositors if they dumped all their money in one bank knowing that only that portion of it was insured.