Problemas
Scammers often say that P2P payments are protected by the FDIC (Federal Deposit Insurance Corporation) or NCUA (National Credit Union Association) Why is this wrong? The FDIC/NCUA only protects money when it is being transferred between people. The FDIC/NCUA only protects money when it is more than 250,000 The FDIC/NCUA only protects the recipient and not the sender, so they are protected but you are not when you send money. The FDIC/NCUA only protects money that is being held in a financial institution's accounts, not when it is transferred.
Roztwór
Manuela
veterano · Tutor durante 12 años
4.7
(173 Votos)
Respuesta
The correct answer is: The FDIC/NCUA only protects money that is being held in a financial institution's accounts, not when it is transferred.The FDIC (Federal Deposit Insurance Corporation) and NCUA (National Credit Union Administration) are government agencies that provide deposit insurance to protect depositors in the event of a bank or credit union failure. This insurance coverage applies to funds held in checking accounts, savings accounts, money market accounts, and certificates of deposit (CDs) at participating financial institutions.However, this deposit insurance does not extend to funds that are being transferred between individuals through P2P (peer-to-peer) payment platforms or other non-bank payment services. When you initiate a P2P payment, the funds are typically moved directly from your account to the recipient's account, rather than being held in a financial institution's account. As a result, the FDIC/NCUA insurance coverage does not apply to these types of transactions.It is important to note that P2P payment platforms and other non-bank payment services may have their own security measures and fraud protection policies in place, but these are separate from the deposit insurance provided by the FDIC/NCUA.