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Illya Gerasymchuk
Entrepreneur / Engineer
User Illya Gerasymchuk -

2024-10-27 15:51

๐Ÿš€ How fast do you get your deposits back? The Incubator Bank case (2010) shows DICJ timeline in practice: โ€ข Bank failed on Friday โ€ข Deposits returned by Monday 3 days/by next working day to have insured deposits available ๐Ÿค

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๐Ÿ’ด Coverage limits: โ€ข Regular deposits: Up to ยฅ10M (~$65k/โ‚ฌ60k) โ€ข Payment & settlement accounts: 100% covered ๐Ÿ’กFun fact: During the 90s crisis, ALL deposits were fully protected. Japan gradually reduced this to ยฅ10M by 2005

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