Disingenuous much, oh vaunted poster from Philadelphia, which happens to be home of the first US Mint?
I could post for days and weeks here just about the ongoing and past abuses of the worldwide banking systems. FDIC insurance isn't even operated by the banks at all, and did you somehow think that it was?
Personally, I have lost thousands before in banks over the years and none of it was insured at all, in the form of various bank swindles they come up with on the fly and out of the blue just to screw over depositors.
Most recently, nationwide banks threatened to charge people just to deposit their money in a bank they already had an account in. That's right, they already charge a fee for the account if it's below a certain limit, so now they want to charge accounts another fee just to put your money into it, you know, to actually USE the account you pay for, including charging for a direct paycheck deposit.
And another swindle that was uncovered recently involved another major bank. The bank decided to start holding even direct deposit paychecks that were deposited on a Thursday or Friday and then not clearing those direct deposits to be used until they felt damn good and ready to post those deposits to your accounts, often 3-7 days later or more, depending on if a banking holiday was also involved. They started doing this suddenly without any notice at all, and then overcharged their customers accounts millions in overdraft fees for their financial chicanery.
I know, because I was a victim of this bank fraud and the bank refused to rectify it until they were eventually sued in a class action settlement over it. The bank accepted no responsibility for this at all, so after much wrangling with them about this, I closed my account. And I never got a full reimbursement of my losses, which occurred due to auto payments I had set up years ago and never before had a problem with. And I also got hit with late fees from the various accounts set up for auto pay. And the settlement did not even address the additional losses I suffered, and did not even cover 1/4 of what the bank charged me in overdraft fees for.
https://www.compassbankoverdraftsettlement.com/en
