Donate SIGN UP

Bank Robbery

Avatar Image
dmnhl35 | 15:22 Tue 01st Aug 2006 | Business & Finance
4 Answers
If a person commits Bank Robbery and they get away with it, is the money insured? The money is coming out of an individuals account, so is it insured by the FDIC?
Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

No best answer has yet been selected by dmnhl35. Once a best answer has been selected, it will be shown here.

For more on marking an answer as the "Best Answer", please visit our FAQ.
Yes - up to the limit of �30,000 at 100% compensation and then 90% of the next �20,000.

If you have more than �30,000 distribute it between different banks.
i think your ok having more then �30,000 in a bank. When was the last time your bank got robbed?
It's not normally 'bank robbery' if the money is stolen from an individual's account - it's fraud..

Bank robbery is where you walk into a bank with (something that looks like) a gun and demand money from the cashier. That comes from the bank, not an individual's account.

Fraud is where someone steals from your account by deception. It may or not be insured - depends if you personally have any insurance or the bank is negligent.

The compensation mentioned by earlier posters is where the bank has gone bust.
the last major bank collapse was BCCI, I think.
some lost �ms, some Councils did. Luckily I was tipped off at our council that BCCI stood for 'Bank of Crooks and Cocaine International' or something like that.
So make sure your bank(s) , always spread money around,have a good rating on the Fitch scale!

1 to 4 of 4rss feed

Do you know the answer?

Bank Robbery

Answer Question >>

Related Questions

Avatar Image
Avatar Image
Rondy
Avatar Image
faxvandal
Avatar Image
Avatar Image
Rondy