How long does it take the FDIC to pay out? - The Daily Saver most recent 30 from http://www.thedailysaver.com 2010-08-01T06:50:44Z http://www.thedailysaver.com/feeds/question/2 http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://www.thedailysaver.com/questions/2/how-long-does-it-take-the-fdic-to-pay-out How long does it take the FDIC to pay out? Rodney 2010-01-08T04:18:10Z 2010-07-25T13:23:55Z <p>If my money was in a FDIC-insured account and the bank went under, how long would it take to receive money from the FDIC to cover my loss? I've heard it can take months to get paid.</p> http://www.thedailysaver.com/questions/2/how-long-does-it-take-the-fdic-to-pay-out/4#4 Answer by Spencer Uresk for How long does it take the FDIC to pay out? Spencer Uresk 2010-01-10T07:01:08Z 2010-01-10T07:01:08Z <p>Should you find yourself in such an unfortunate situation (a bank that has your deposit funds failing), you can expect to receive payments for any insured funds very quickly. The FDIC tries to reimburse depositors within 2 business days and in most cases meets that goal.</p> <p>You can find out more information here:</p> <p><a href="http://www.fdic.gov/consumers/banking/facts/payment.html" rel="nofollow">http://www.fdic.gov/consumers/banking/facts/payment.html</a></p>