PAY Uninsured?....................
>>PAY Uninsured?....................
Even if you have more than 250K in the bank, it doesn’t mean you lose it all - that would only be true if the bank had no assets left.
Everyone get’s upto 250K that insured, after that is it likely to be a percentage of the money they can recover - all of SVB’s money didn’t just disappear in a flash - maybe the bank owes depositors $100B, and they still have $50B available - that $50B gets returned to depositors to cover some of their losses above the insured amount.