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Old 29.03.2020, 18:30
jamon8 jamon8 is offline
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Re: Are your bank deposits exposed to potential bank bail in?

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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.
And if IB fails I presume I still own stocks/ETF, which I bought through them?
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