1 year, 9 months ago
What happens if a bank stops paying its FDIC insurance premiums? Is it immediately closed?
The FDIC is not funded via tax dollars - it gets its money for insurance payments from premiums collected by the financial institutions. If an institution went late/stopped paying these, what would happen to the instituion? Also, what becomes of the "insured" status of the deposits in that instituion?
Separate topics with commas, or by pressing return. Use the delete or backspace key to edit or remove existing topics.
You can leave an optional "tip" with Mahalo's virtual currency, Mahalo Dollars. If you are asking a difficult question that might require some research, or if you'd like a wide variety of feedback, a higher tip often leads to more answers to your question.
M$
