How high are Chase banks insured up to? I am starting to see people taking $ out of banks. :(?

Question

How high are Chase banks insured up to? I am starting to see people taking $ out of banks. :(?

Answer 1

The deposits in most US banks  are insured by the Federal Deposit Insurance Corporation.

If you are talking about the Chase I am thinking of (at one time they were called Chase Manhattan and were -- and are -- one of the largest banks in the US)  each account is insured for up to $100,000.

If you want to have more than $100K in the bank open more than one account.

If you are talking about a different Chase bank is the US just look for a circular seal with the letters FDIC in their advertising.

Better yet call them and ask -- that way you can be certain.

Hope this helps

Jerry-the-bookkeeper