new_trader
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I don’t want to start a run on a bank or anything, but how is a Non-US citizen’s savings protected in the case of a US bank failure? My trading account capital is held in a segregated account with JP Morgan and I was just curious as they have been in the headlines recently with their purchase of Washington Mutual's operations.
Found the answer
Who does the FDIC insure?
Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.
Found the answer
Who does the FDIC insure?
Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.
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