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$250k is not the most an account holder can get back if a bank fails, it is literally the minimum.

It's the maximum bank can get insurance for.

No, it is the minimum , maximum, and only insurance the FDIC provides. Banks can and do get private insurance beyond that.

And stop acting like any uninsured money evaporates in a bank failure.

Actually probably just stop talking about banks. This whole thread is an embarrassment of “smart people with strong opinions about things they have zero knowledge about”.

Well, thanks for clarifying, TIL that "(...) since 1933, no one has lost money due to a bank failure (...)" in US, according to FDIC.

I wonder how this situation looks outside of US in more distressed economies ie. Argentina.

We had foreign banks who advertised that as a strength and sent their profits to their countries. But when there was a crisis they said we are just a local bank with the same brand as a US bank and won't give the customers their savings back.

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