View Single Post
  #12  
Old 29.03.2020, 18:13
wantone wantone is offline
Senior Member
 
Join Date: Jul 2016
Location: GR
Posts: 440
Groaned at 21 Times in 17 Posts
Thanked 144 Times in 122 Posts
wantone has no particular reputation at present
Re: Are your bank deposits exposed to potential bank bail in?

Quote:
View Post
Is it the same risk as you have it lets say on IB account?
I think IB cash is insured up to $250k. Even if IB fails client cash is separated than IB's own capital and money. It will take some time but all the money will be recovered.

The problem is that IB is keeping the cash at various banks. So if the banks have issues then yes potentially it could be a problem.
Reply With Quote
This user would like to thank wantone for this useful post: