Yes, because most people have a bank accounts. It’s a good thing to know that their account are secured in case the bank failure. FDIC give the people back their money. FDIC take the worry of the people so they can leave their in a bank securely.
2. Is your banking institution FDIC insured and meets the requirements for your account(s). Explain.
Yes, they do have FDIC in First Citizens Bank. They cover up to 250,000 dollars per depositor and guarantees individual. Any more than 250,000 is not covered by FDIC. FDIC is promises all traditional types of deposit accounts in First citizens bank.
3. Provide a professional conclusion.
FDIC is a great thing to have at the banks. If there’s a bank that doesn’t have