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

asked Feb 21, 2018 187k views

4 votes

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6 votes

If not then if the banks fail then you would be screwed because you would lose all your money

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3 votes

Answer: it is a safer way to insure that costumers can deposit their money in the bank

edge2020

Adp answered Feb 26, 2018

by Adp

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