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FDIC $250,000 Insured Limit for Multiple Accounts

Answered by: 
Randy Carey

Question: 
FDIC question - if a company has several individual franchises, each with a different EIN, are the accounts insured up to $250,000 limit?
Answer: 

Separate legal entities are separately insured.

First published on BankersOnline.com 5/13/13

First published on 05/13/2013

Filed under: 
Compliance
Filed under compliance as: 
EIN
FDIC

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