In our country, banks have always been regarded as one of the safest financial institutions because our bank deposit insurance system provides strong protection for depositors. However, in recent years, the downward pressure on the global economy has increased, and some small and medium-sized banks are facing operational difficulties and even bankruptcy. So, 4 banks in China have "gone bankrupt", and depositors can be compensated 500,000? In 3 cases, no compensation will be paidToday, I'm going to talk about this topic.
Let's be clear that the bankruptcy of a bank does not mean that the depositor's deposit is gone, but that the bank has a problem in its operation and is unable to pay the depositor's deposit in the agreed way. In China, in order to protect the rights and interests of depositors, a bank deposit insurance system has been established. Under this system, each depositor's deposit insurance limit in one bank is $500,000. If the bank goes bankrupt, the depositor's deposit of up to 500,000 yuan can be fully compensated.
However, depositors are not compensated in all cases. In the following three cases, the depositor will not lose a penny:
1.The deposit is more than 500,000 yuan. If the depositor's deposit in a bank exceeds $500,000, the excess will not be compensated. Therefore, depositors need to allocate their deposits reasonably according to their own deposits and ensure that their deposits are in multiple banks to improve the safety of their funds.
2.Deposits are not covered by deposit insurance. Not all deposits are covered by deposit insurance, such as some high-risk financial products, investment and wealth management products, etc. If a depositor's deposit is not covered by deposit insurance, it will not be compensated in the event of the bank's insolvency.
3.Bank bankruptcy is due to depositors. If the bank's bankruptcy is due to the depositor's fault, such as the depositor's malicious overdraft, money laundering, etc., then the depositor will not be able to receive compensation.
So, how do you keep your deposit safe? Here are a few tips that can help us improve the security of our deposits:
1.Get to know the basics of the bank. When choosing a bank, it is necessary to understand the basic information such as the bank's economic strength and operating conditions, and choose a bank with strength and good reputation.
2.Disperse deposits. Don't keep all your deposits in one bank, you can spread your deposits across multiple banks to improve the security of your funds.
3.Pay attention to deposit insurance limits. Understand the deposit insurance system and ensure that your deposit is within 500,000 yuan, and you need to bear your own risk for the excess part.
4.Be cautious when buying financial products. When buying financial products, it is necessary to understand the risks of the products and choose the products that are suitable for you. At the same time, you should pay attention to the deposit insurance coverage of the product to ensure the safety of your deposits.
In general, although China's bank deposit insurance system provides a strong guarantee for depositors, depositors still need to pay attention to the above points when depositing to ensure the safety of their deposits. So, on the topic of bank bankruptcy and deposit insurance, we'll talk about it next time!