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Funds & Banking

How does the Insured Bank Deposit Sweep Program help maximize my FDIC insurance eligibility?

The Insured Bank Deposit Sweep Program allocates your cash across multiple FDIC-insured banks for full protection. A $750,000 deposit is split: $250,000 held at MEXEM, $500,000 spread across three banks. This system allows coverage up to $2,750,000 ($5,250,000 joint accounts). More details on MEXEM's website.

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