Incorrect. I have friends with $500k payroll deposits due at noon Monday. Fdic has made no guarantees that they’ll have access to a sufficiently large amount to cover.
And they can't get a bridge loan from Brex or some other financial institution? They also can't delay part of those payroll deposits a couple of days until later in the week when the uninsured partial dividends get paid?
shkkmo|3 years ago