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Stock impact report

What is the IntraFi network? How it protects large deposits beyond FDIC limits. [Yahoo! Finance]

Capital One Financial Corporation (COF) 
Last capital one financial corporation earnings: 4/23 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Do you have over $250,000 deposited in one bank account or at one bank? If so, you'll want to check and see if your bank is part of the IntraFi network. For banks and credit unions that aren't part of the network, customers' deposits are usually insured up to just $250,000 per account type. That means, if you have more on deposit, you could potentially lose money if your financial institution fails. Some people experienced this firsthand in 2023 as a result of the regional bank crisis. But if your bank is a member of the IntraFi network, your personal or business deposits can be insured against losses up to $150 million. What is the IntraFi network? The IntraFi network is a service that gives you more insurance for your bank deposits by spreading your money across multiple banks. Most banks and credit unions have insurance through the FDIC or NCUA , but it only covers deposits up to $250,000 per depositor, per institution, per ownership category. For many people, that's mor Show less Read more
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