Question

_______________________ is available to qualifying customers to capture an image of their check for direct deposit. Customers must meet requirements for access. Amount limitations are $10,000 per day and $15,000 per month.

Answer 1

Deposit insurance is available to qualifying customers to protect their bank deposits. The Federal Deposit Insurance Corporation (FDIC) guarantees that depositors will receive up to $250,000 of their money in each account if a bank fails.

Step-by-step explanation:

This question is related to banking and specifically deposit insurance. When bank customers deposit money into a checking account, savings account, or a certificate of deposit, the bank views these deposits as liabilities. The Federal Deposit Insurance Corporation (FDIC) is a government agency that provides deposit insurance for banks. The FDIC guarantees that depositors will receive up to $250,000 of their money in each account if a bank fails.