03/24/2020: COVID-19 FAQ’s
In these uncertain times, we seem to hear the same questions asked time and time again. One of those questions being, “Is my money safe?”
The short answer…Yes. Banks are secure and your money is safe.
Even though some banks have limited their lobby access to public traffic, there’s still an array of various options to pay your bills and access your money. It is not necessary to hoard loads of cash…or toilet paper.
It’s important to remain calm and understand how your money is protected. The Federal Deposit Insurance Corp. (FDIC) insures deposits up to $250,000, per depositor, per ownership category, per insured institution. “Since 1933, no depositor has ever lost a penny of FDIC-insured funds.” Visit FDIC website at www.fdic.gov.
If you do feel the need to run to an ATM – make sure you have one of our Kasasa Checking Accounts so you do not get charged those pesky foreign ATM fees! You can learn more about the benefits of Kasasa at bankprospect.com.