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In the EU at least there's directive 94/19/EC[1] which I believe stipulates that deposit-guarantee schemes have to be in place in all EU countries that protect customers from losing their money in the event that a bank goes bankrupt or withholds their money. Is there something similar in the US?

[1]: https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CEL...

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There is fdic insurance up to $250k

According to Chime's website, "Chime accounts are insured up to the standard maximum deposit insurance amount of $250,000 through our partner banks, Stride Bank, N.A. or The Bancorp Bank, Members FDIC",[1] so while that doesn't help anyone who needs their money immediately it's at least a comfort I guess.

[1]: https://help.chime.com/hc/en-us/articles/224459628-Are-Chime...

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