Is your money really protected if a bank fails?

by time news

Your money is in your checking account at the bank, with the peace of mind of knowing that it is protected and in a secure connection. Is it really that much? Have you ever wondered what would happen if the banking establishment went bankrupt, an improbable but possible scenario in the event of a cataclysmic crisis. In France, the Deposit Guarantee and Resolution Fund (FGDR), to which all French banks contribute, watches over your money in the event of a disaster.

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