How Does FDIC Insurance Work for Lawyer Trust Accounts?
Clio
MARCH 16, 2023
How does FDIC Insurance work when a bank failure occurs? When a bank failure occurs, the FDIC insurance will reimburse deposits up to the standard insurance amount. Since the start of the FDIC insurance program in 1934, no depositor has lost a penny of insured funds as a result of a failure. What is FDIC Insurance?
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