How safe is a particular bank?

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What is the rating for a particular bank?

Asked in Elizabeth, NJ on March 5th, 2015 in Banking.
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Generally, we cannot give out information about specific banks. But the national banking system is safe and sound, with customer deposits insured by the Federal Deposit Insurance Corporation (FDIC).

The FDIC Web site provides information that can determine the condition of a bank:

  • when the bank was established
  • if or when it became FDIC insured
  • most recent quarterly Report of Condition and Income
  • copy of the bank’s Uniform Bank Performance Report

Source: HelpWithMyBank.gov

 
Phroogal Answers Original Phroogie Answered on November 25, 2014.
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