I have some money in BOA savings/checking, and I am afraid of someone stealing the money, through credit card or of someone getting access to my online account credentials, and transferring 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 understand, 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 someone steals it.
Seems like this might be what BOA customer service was referring 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 very concerned about my money disappearing. 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, their customer service team says they don't know anything.
Does it cover me if someone steals my money?
Whether cash or online - when someone hacks my computer and transfers all my money.