How Does FDIC Insurance Work for Lawyer Trust Accounts?
Clio
MARCH 16, 2023
What happens to your law firm if your bank closes? 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. This happened because the banks did not have enough liquid cash assets to cover customer demand for withdrawals.
Let's personalize your content