Does anyone know for sure what happens if you have "cashier's checks" thru a bank that's in financial trouble now?

Similar questions: cashier's checks bank financial trouble.

All insured deposits, and the dependent instruments are subject to the $100,000 FDIC limits, so your check is valid. All insured deposits, and the dependent instruments are subject to the $100,000 FDIC limits, so your check is valid since it was issued by an FDIC bank. Any acquiring bank is required to honor the instruments such as personal checks, deposits, drafts, Cashiers checks, and any other negotiable item.

This ensures continuity and maintains confidence (albeit shaky confidence) in the US banking system. Just because the sign outside has changed doesn't mean the validity of the cashiers check is in question or can even be delayed. Since WaMu was acquired by JP Morgan Chase, all business should continue as usual and if you have accounts at both banks, they will still be considered separate accounts and eligible for FDIC insurance of up to $100,000 for each account for the first six months after the merger.

This six month period isn't necessarily a precdent or rule, and can be changed, extended or differ for other mergers and acquisitions.

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Need financial statement analysis isbn 9780073379432 test bank.

I am thinking of securing the services of a fee-only financial planner. What should I expect to pay?

Did you know that the House Financial Services Committee is voting on the Credit Cardholders Bill of Rights.

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