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Are You FDIC Insured? Ask EDIE!

William Wen
3 min readMar 15

The recent demise of Silicon Valley Bank has shined a light on the risk of bank deposits in case of contagion. There is a lot of chatter about not keeping more than $250K per bank. First of all, if that is a problem for you, congrats, you are among the lucky ones. Second of all, it’s not true.

According to the FDIC website, the standard insurance amount is $250,000 per depositor, per insured bank, for each