Although the Assets, Liabilities, and Capital reporting available if you click "create financial reports for this institution" estimates 5.69% of deposits are insured. Is a corporate account limited to $250K of deposit insurance? If so, I imagine many of them may have much more than that, and the reporting does show almost 75% of the deposits are in accounts with greater than $250K, assuming I'm reading the report correctly.
yes
> The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. [1]
1: https://www.fdic.gov/resources/deposit-insurance/brochures/d...
An individual could easily have that much let alone a startup with millions.
I'd much rather lose 0.4% of my money than lend it out at +0.01% to whatever checking accounts pay nowadays while they lend out to some asshole that does business with the bank.
and not that it matters but this is specifically about a startup or business not talking about personal finances of an individual
Edit: It seems I am incorrect.
> The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least $250,000, even if held at the same bank.
Per account "type" and structure. For DDAs if you are married it will be:
You: $250k
Your+your wife: $250k
You POD your wife : $250k
Your wife: $250k
Your wife POD you: $250k
My understanding is that this might cause an unwelcome surprise to (for example) someone with a personal account at Bank A, and a sweep account at Brokerage P that sends its funds into accounts at Banks A, B, and C.