Supposedly checks drawn on the old bank will still clear (presumably only up to the insured amount, though it doesn't say that) according to the FDIC. And the non-insured amount will be available in branches tomorrow via the FDIC-operated DINB. So in theory you would be looking at at most one business day late for payments if you are only concerned with the $250k part.
> And the non-insured amount will be available in branches tomorrow via the FDIC-operated DINB.
Why do you believe this? The FDIC said it will provide certificates that you had deposits. These certificates help you make claims in court proceedings as they liquidate.
morpheuskafka|3 years ago
anon291|3 years ago
Why do you believe this? The FDIC said it will provide certificates that you had deposits. These certificates help you make claims in court proceedings as they liquidate.