How is a company with billions in cash reserves protected when the banks only insure up to $250K?

gpimpmoneyhustle asked:



The bank only insures up to 250k and if so how is that cash in the bank only insures up to 250k and if so how is that cash protected.

The bank when the bank only insures up to 250k and if so how is that cash protected.


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    • One Response to How is a company with billions in cash reserves protected when the banks only insure up to $250K?

    1. Kevin
      November 30, 2024 at 12:49 am

      The fdic only insures 250k but it is possible to purchase private insurance for any amount.

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