Comments on: What Is The Depositors Insurance Fund (DIF)? https://thecollegeinvestor.com/34132/depositors-insurance-fund/ Navigating Money And Education Thu, 29 Feb 2024 22:55:58 +0000 hourly 1 By: Robert Farrington https://thecollegeinvestor.com/34132/depositors-insurance-fund/#comment-457913 Sun, 27 Sep 2020 16:45:20 +0000 https://thecollegeinvestor.com/?p=34132#comment-457913 In reply to Kenneth Daut.

You can open an account at any of these banks regardless of where you live.

]]> By: Kenneth Daut https://thecollegeinvestor.com/34132/depositors-insurance-fund/#comment-457897 Sat, 26 Sep 2020 22:25:16 +0000 https://thecollegeinvestor.com/?p=34132#comment-457897 So it looks like the only states that have banks with DIF insurance areEastern states like RI and MA.
Why aren’t there any in California, Hawaii, Ohio, Tennessee or Texas (places where I bank)?

]]> By: Robert Farrington https://thecollegeinvestor.com/34132/depositors-insurance-fund/#comment-449692 Fri, 17 Jul 2020 16:50:25 +0000 https://thecollegeinvestor.com/?p=34132#comment-449692 In reply to Joel Cohen.

FDIC insurance still applies. For this article, DIF insurance also applies to small businesses, etc.

]]> By: Joel Cohen https://thecollegeinvestor.com/34132/depositors-insurance-fund/#comment-449691 Fri, 17 Jul 2020 16:48:36 +0000 https://thecollegeinvestor.com/?p=34132#comment-449691 Thanks for the usefuol infomrmation. True, we can spread our deposits around unique repositories to “stack” the FDIC coverage. What about FDIC coverage for small business, churches, etc. who are not individual depositors?

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