I have some money in BOA savings/checking, and I am afraid if someone steals that money, through credit card or if someone gets access to my online account credentials, and transfers all the money out. What are my options.
I have talked to customer care specialist in BOA and they say your money is safe and we will cover entire amount. I also asked if this is written somewhere and they say it is written in your package when you opened your account. Are they lying? or trying not to give me enough documentation so in case if this happens they can show some contract which says they are not responsible.
Please be kind with me, as I am not familiar with how money works as I never had any money in my accounts worth enough to worry about. Now that I have something I am afraid if some one steals it.
Edited to add:
Seems like this is something what BOA customer service pointed to? https://www.fdic.gov/deposit/deposits/
How does this work, and is there something I need to do so I am covered by it? Should I be getting a certificate or something?Is BOA under the scope of this Deposit insurance? Where can I find that BOA is covered by it. I am so in dark about it that I feel like if my money becomes a victim, I will not be able to recover it. I am looking for some kind of assurance from BOA but all they say is "yes your money is safe" and ask me to go to FDIC. Moreover(most their customer service team, say they don't know anything)
Does it cover me if someone steals my money?(cash?, or if someone hacks my computer and transfers all my money?)
Thanks in advance!