Questions tagged [fdic]

The Federal Deposit Insurance Corporation (FDIC) is a United States government-owned corporation that provides deposit insurance to US banks and thrifts.

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Is my money insured against bank failures during a wire transfer?

Suppose I am sending money by international wire transfer from my FDIC-insured bank account in the US to my CDIC-insured bank account in Canada. Suppose one of the banks become insolvent during the ...