Janice and her daughter have a joint checking account.The basic insurance coverage by the FDIC can protect this account only up to $250,000.

Name: Janice and her daughter have a joint checking account.The basic insurance coverage by the FDIC can protect this account only up to $250,000.
Brand: Quizplus
Rating: 4.7 (45 reviews)

Question

Quizplus · Accepted Answer

The FDIC insures joint accounts up to $250,000 per co-owner, meaning Janice and her daughter would have a combined coverage of $500,000.

Janice and Her Daughter Have a Joint Checking Account