What if I have 4 bank accounts at separate banks and they each have 100,000 dollars in them...and they all?

Question

go "belly up" , will I get 400,000 dollars or will I get 100,000 dollars from the US FED GOVT. ?

Answer 1

That's for each account, but I think that there may be an absolute benefit limit.

Answer 2

Actually the money comes from US taxpayers. Every account is insured, I would think you would get it all back.

Answer 3

You would get $400,000 from the FDIC, since there are four banks.  The insurance limit is per person per bank.  

However, what you are describing is a financial disaster that may have bigger implications than just bank failures.