What does a 'bank failure' mean for the consumer?

Question

What does a 'bank failure' mean for the consumer?

Answer 1

for most folks nothing.

every "bank" is required to have deposit insurance, so that if you have less than 100,000 in the bank, you'll get all your money.

i've not heard of people with more than that losing, but it's possible.

on the other hand, banks don't like such news to get out, so there may be some action taken between all banks to recover money for large account holders as well.

Answer 2

The taxpayer has to bail them out.  : (

Answer 3

IF you are asking about depositers, they are FDIC insured for $100,000.00 per account.