What Happens To Your Money If Your Bank Goes Bankrupt?

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What would happen to your money if your bank went bankrupt? Would you lose all of the money in your bank account? Not exactly. Countries worldwide have implemented deposit guarantee schemes to protect bank deposits. In the European Union, member states are required to operate deposit guarantee schemes which protect bank deposits up to the value of €100,000. The equivalent schemes in the UK and USA provide protection up to £85,000 and $250,000 respectively.

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*Malone Financial is affiliated with the aforementioned companies. Malone Financial receives a commission for any customer conversions realized via the affiliate links. This video includes my own opinions (which do not reflect the opinions of said companies). Investing involves a risk of loss. Nothing mentioned in this video should be construed as financial advice.

Видео What Happens To Your Money If Your Bank Goes Bankrupt? канала Malone Financial