what happens to the debt after a bank goes out of business?

Daughter of the Most High***Child of Light** Warrior

In response Courtney Webster to her Publication

Yes but what happens if for some miracle you actually have a small, hard earned savings, does that go bye-bye too?
“Well get your money outbof the bank…”
And put it where? How? Worthless Paper money? 👀

Child of God, mother of two, retired R.N. Proud to be an American! God bless the USA!

In response Stories & Songs to her Publication

credit unions too???

🍰 Baker of Qakes, Truth-seeker 🔍, Proud deplorable🇺🇸, Jesus is King 🌟 Q !..🐸 God Bless us all 🙏🏻

In response Silver Top to her Publication

Some banks are ISO 20022 compliant and I believe Wells F is one of the major banks that has signed the agreement, most CU's are as well. Call your CU on Tuesday (Monday is holiday) and ask if they are ISO 20022 Compliant... They may hmmm and hawwww or they may just say "yes we are"... Not really sure about Chase or BofA but I don't think they signed on...I could be wrong but I know Wells did sign up for QFS.. Hope that helps..
https://bankingblog.accenture.com/iso-20022-for-banks

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