Question about FDIC 250k Insurance Rule

Scenario: if I have one million in a brokerage account at one bank and there’s a run on the banks, do I only get paid out 250k if all my money disappears?

Should I split it up across 4 institutions each at 250k to prevent myself from being at risk of losing money if the FDIC gets dissolved and there’s a run on the banks?

Posted Mar 8, 2025, 12:42 PM UTC

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