Category: General

Is FDIC safe now?

Since 1933, no depositor has ever lost a penny of FDIC-insured funds. Today, the FDIC insures up to $250,000 per depositor per FDIC-insured bank. An FDIC-...

Can banks trace money orders?

A money order is not a check, and it’s harder to trace one; keep your receipt until you are sure the order has been received and cashed. When a purchaser ...

Where do banks send their money?

In summary, banks keep their money within each branch’s vaults, in a central bank/reserve and the rest in investments. To add to this, banks also have ban...

What does D mean on a HSBC?

If it says 10.00 D that normally means you’re overdrawn… What does C means in mini statement? Entry in your mini statement is to indicate that bank has re...