Birdwatch Note Rating
2023-03-14 23:45:02 UTC - NOT_HELPFUL
Rated by Participant: 17E746A1FC5185292CC1AAB4350F7A3EFFE915E2A3144A395A8EEE968E57FCBA
Participant Details
Original Note:
FDIC insurance only covers $250,000 per depositor, per bank. So any amount over that limit would be uninsured. For businesses that typically hold millions of dollars in SVB accounts for payroll, etc, the large majority of their money would not be insured by the FDIC. https://www.fdic.gov/resources/deposit-insurance/faq/index.html
All Note Details