Banking, Safety, Saving

Is My Money Safe in a Bank Account?

Keeping money in a bank account is safe because most accounts are insured for up to $250,000 by the federal government.

Benefits of using a bank account:

  1. You have more protection against fraud and accidental charges.
  2. Direct deposit into your account means money you make is available faster than a paper check.
  3. It’s easy to send money to family and friends through online banking.
  4. You can always see your balance. 

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Is My Money Safe in a Bank Account?

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