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When choosing a bank, why is it important to make sure that your bank is a member of the FDIC?

When choosing a bank, why is it important to make sure that your bank is a member of the FDIC?
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When choosing a bank, why is it important to make sure that your bank is a member of the FDIC?

User Christlin Panneer
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1 Answer

7 votes
If not then if the banks fail then you would be screwed because you would lose all your money.
User Ohr
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