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5:00Resolution Weekend: What the FDIC and FSCS Actually Do
Your bank fails on a Friday. By Monday morning the doors reopen, your card still works, and your insured cash is untouched. Here is the choreography that pulls that off in 48 hours.
Deposit insurance is not a vague government promise to "bail out savers". It is a pre-funded, capped, per-depositor guarantee with a precise legal trigger and a rehearsed operational playbook. In the US the FDIC insures $250,000 per depositor, per insured bank, per ownership category. In the UK the FSCS covers £120,000 per eligible person, per authorised firm (raised from £85,000 on 1 December 2025). The cap is *per category and per institution*, so a couple with single, joint and business accounts can be covered for several multiples of the headline number at one bank.
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