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Wamu And Bankruptcy Washington Mutual

February 13th, 2009 admin Leave a comment Go to comments

Washington Mutual Bank?

I have the control and savings accounts with Washington Mutual. Should I be concerned because bankruptcy plan? What FDIC really mean? Does the bank will continue to work as usual after filing for bankruptcy? direct deposit and the workplace? I always have free access to my money? Or will I have to go through hoops to get the FDIC to credit money? Should I open accounts with banks to transfer more money whether the collapse of WaMu? Thanks in advance.

You have the right to deposit insurance system when you open a deposit account in a bank, FDIC insurance, without additional cost or action on your part. You have the right to separate FDIC insurance for deposits held at different FDIC-insured banks. You have the right confirming that the bank is insured by the FDIC Bank Find service (www2.fdic.gov/IDASP/main_bankfind.asp) or by calling the FDIC toll free at 1-877-275-3342. You have the blanket right to file a $ 100,000 insurance for bank deposits to the FDIC insured – up to $ 250,000 for IRA deposits. You have the right present insurance coverage over $ 100,000 in a bank where deposits are held in different ownership categories, "" as a single joint and trust accounts. You have the right to confirm that your deposits are within coverage limits using the FDIC's Electronic Deposit Calculation insurance and other online resources at www.fdic.gov / deposit / deposits or by calling 1-877-275-3342 in the FDIC. You have the right to be informed when a financial product offered by your bank is not covered by the FDIC. You have the right, if the bank fails, to have quick access to their insured deposits. You have the right, if you are an applicant is not insured, to receive distributions to go to escrow from the sale of assets permits. You have the right to sleep well, knowing that since the establishment of the FDIC 75 years, no depositor has lost a penny of insured deposits.

Double WaMu


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