CONTENT Accounts ATM / Debit Cards Business Accounts Certificates of Deposit Checking Accounts Credit Card Accounts Online Banking / Billpay Retirement Accounts Savings Accounts Trusts Checks /    Money Orders Checks You Received Checks You Wrote Money Orders Lending Business Credit Credit Cards Home Equity Home Mortgage Personal Student Loans Vehicle Loans Manage Your Money Debt Management Personal Finance My bank said. . . Safe Deposit Boxes Scams / Fraud Identity Theft Internet Fraud / Phishing Special Situations Deceased Individuals Foreign Customers Incapacitated Individuals Minors Powers of Attorney   DEPARTMENTS Ask a Banker Banking Blog Banking Lingo Banking Tools Discussions Multimedia Podcasts Videos Resources   DETAILS Site Index Site Map Site Orientation Link to Our Site About Advertising About Us Legend for Icons  Article    Q&A  Podcast  Video  Blog  Discussions PDF    Powerpoint BankingQuestions.com Web   Home >> Multimedia>> Podcasts    Cashing a check payable to a business Could that cashier's check be counterfeit? Why postdating checks is a bad idea Review your bank statement -- or else! Steps to report statement errors to get your money back Accounts for Kids under the UTMA Dealing with checks payable to your sole ownership business What is the deposit insurance coverage for an estate account? In these five podcasts, we speak with Phil Battey, spokesman for the Promontory Interfinancial Network, about how a bank customer may obtain up to $50 million in FDIC deposit insurance coverage – 500 times the normal amount – in a convenient manner, with no additional fees. What is CDARS? How does it allow a customer to increase the amount of FDIC insurance covering the customer’s funds? How can bank customers determine whether a bank is participating in the CDARS network. If it’s not, how can they find a bank that is? How does CDARs provide flexibility and convenience for the customer? What kinds of CDs can a customer purchase, and can a laddered investment approach be used? What’s the contingency plan if a CDARS-participating bank fails? If a person deposits a check into a checking account, when does FDIC insurance coverage start? Immediately? When the proper check hold is removed? When the check clears? I am in the middle of securing a home loan. What happens if the bank goes under before the final loan is secured? Do I need to start over with another lender? My mother and I are joint owners of several CDs in one bank. The certificates are worth $180,000. Are we insured by the FDIC for the full amount, or just $100,000? If my bank fails, do I make my mortgage payment directly to the FDIC? My sister, mother, and I were on a joint account. We were told that having the 3 parties on the account we would be covered for up to 300,000. My mother is now deceased, Can we move some of the money to protect it since it is over the limit. I am hearing a lot about the recent mortgage company and bank failures. What IS a bank failure? I am a "worried senior citizen." I have over $200,000 in one bank. Should I spread my accounts over several banks to avoid losing my money if banks begin to fail? How can I quickly, easily, and safely transfer funds from one bank to another? What happens to our mortgage payment if the bank that holds our mortgage fails? To have all of our money insured by FDIC, should we not have more than $200,000 in joint accounts in one particular bank? Can you explain how deposit insurance works on Payable on Death accounts? I listened to your podcast on how deposit insurance works with Payable on Death accounts. I'm curious to know, what if the account is a joint account with a POD beneficiary. How does deposit insurance work in that case? I have cash in my safe deposit box. If my bank fails, is the cash insured by the FDIC? Our company has a large amount of cash on deposit with a bank. Should we be concerned about the possibility of bank failure? I've been through other bank failures, but it seems to me the IndyMac Bank failure is being handled differently. Is that the case? If I have $100,000 in a CD in my name, and nothing else at that same bank, will I get all my money if it fails? Accounts |  Lending | Manage Your Money | Safe Deposit Boxes  | Scams/Fraud BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more. Privacy Policy |  Disclaimer  |  Recommend This Site!  | Site Index | Link to Our Site  | Email Us