'I have no money': Thousands of Americans see their savings vanish in Synapse fintech crisis - eviltoast

CNBC spoke to a dozen customers caught in the Synapse fintech predicament, people who are owed sums ranging from $7,000 to well over $200,000.

  • aesthelete@lemmy.world
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    1 month ago

    It doesn’t only cover 250k. There are different rates of coverage per account type, number of account holders, and bank. You can have millions of dollars covered by FDIC by moving portions of your money around to different accounts and different banks.