For intelligent people: What happens when bank fails (Bank is in depth)? will we get our money back?

Question

This question is for experts in finance and banking solutions.

I want to know that exactly what happens if any back is in depth and no other bank is ready to take over it?

Will bank customers get their invested money back?

Under any cercumstances can any bank declare that "Sorry customers you will not get your money back because we are in lose".

Such incidents happened in many poor contries.

What is the solution? , What about customers' money? Can any authority save customers' money?

Answer 1

The FDIC insures bank accounts with up to $100,000.  If you have over $100,000 the government will not insure.

Answer 2

Banks are federally insured for up to $100,000 per each adult with an account.  For example, if a married couple had $250,000 combined put in a bank and the bank failed, the government is required to pay them $200,000.  So it's a good idea to not ever put more than $100,000 in a bank at a time, just to be sure!  Hope this helps!  (This was put in place to insure that nothing like the Great Depression could ever really happen again.)

Answer 3

Banks in more civilized countries are insured against certain losses.   You need to find out the rates of insurance and pick a bank that you can use.  Banks operate according to a country's laws.

Answer 4

The FDIC insures consumer deposit accounts up to $100,000.  If a bank becomes insolvent, and you have $100,000 or less with the institution, the FDIC will give you your money.  You are not protected beyond $100,000 per institution, and only savings type accounts are protected.  Investment accounts are not FDIC insured.  

Answer 5

>Bank is in depth

I STOPPED READING THERE.

Answer 6

yes you will. research the FDIC

Answer 7

The Federal Deposit Insurance Corporation (FDIC) insures the deposits of bank customers, so no, the customers do not lose their investments.

FDIC covers deposits up to $100,000 in any one bank, however, so someone with very large depostis could conceivably lose part of their investment.