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How long does it take to get your money from FDIC?

Source: FDIC. The PDIC pays insured deposits after the validity of the claim is established. A claim is normally processed and paid on the same day it is filed, except in cases where the banks records are inaccurate or inadequate, or the claimant is unable to provide the required documentation.

How do I get my money from FDIC?

When there is no open bank acquirer for the deposits, the FDIC will pay the depositor directly by check up to the insured balance in each account. Such payments usually begin within a few days after the bank closing.

How do I file a FDIC claim with SVB?

Filing Claims Online: FDIC Claims Portal. Email: NonDepClaimsDal@FDIC.gov. Mail: FDIC as Receiver for Silicon Valley Bank. Attention: Claims Agent 10539. 600 North Pearl Street. Suite 700. Dallas, TX 75201. FDIC as Receiver for Silicon Valley Bridge Bank, N.A. Attention: Claims Agent 10542. 600 North Pearl Street. Suite 700.

How do I claim my FDIC insured money?

SUBMITTING YOUR CLAIM Electronically file your claim via the internet by completing an online Proof of Claim form and attaching supporting documentation. Submitting your claim via the FDIC website is convenient, secure, and inexpensive, and will also help to expedite the handling of your claim.

Does the FDIC pay back insurance payments?

Federal law requires the FDIC to pay 100 percent of the insured deposits up to the federal limit including principal and interest. If your bank fails and you have deposits over the limit, you may be able to recover some or, in rare cases, all of your uninsured funds.

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