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How the FDIC Protects Depositors’ Cash | Your Money Briefing | WSJ

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The government says depositors with Silicon Valley Bank and other banks that have failed this past week will still be able to access their cash through the FDIC.

WSJ’s Imani Moise joins host J.R. Whalen to explain how the FDIC works and the limits on its ability to protect depositors’ cash.

Photo: Al Drago/Bloomberg News

0:00 What is the FDIC?
1:00 How much of people’s deposits are insured by the FDIC?
1:20 What happens to depositors when a bank goes under?
3:35 How to keep track of your total coverage with multiple bank accounts

Your Money Briefing
WSJ's personal-finance podcast features the news that affects your money and what you do with it, breaking down complicated money questions from spending and saving to investing and taxes.

For more episodes of WSJ's Your Money Briefing: https://link.chtbl.com/WSJYourMoneyBriefing

#FDIC #Money #WSJ
Category
Television
Tags
fdic, fdic secures deposits, cash
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