What is FDIC Insurance, and How Can CDARS Benefit a Business?

Given recent events around banks and deposits, it’s natural for business owners to wonder about how their deposits are protected.
Listen in as Tom Kaupie, senior vice president and regional commercial banking manager, explains how FDIC insurance - which insures a depositor’s fund to $250k - protects businesses. In addition, he explains how a product like CDARS that’s offered by National Bank of Arizona, can let a business owner deposit more then $250k in one account by dividing those funds up into multiple FDIC-insured accounts.
Subscribe on your favorite podcast platform by visiting: www.nbarizona.....
Need a business banker for your business? www.nbarizona....
#fdic #bankingawareness #wealthmanagement

[@MrWaterbugdesign]

Cool and timely. I'm getting ready to liquidate US real estate and move to SE Asia. I hate investing and already have deposits in 3 banks. First I heard of CDARS. Perfect.