Mercury expands FDIC insurance up to $3M through new Vault product

Mercury, a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bankโ€™s collapse....

https://techcrunch.com/2023/03/13/mercury-expands-fdic-insurance-up-to-3m-through-new-vault-product/

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Discussion

Good stuff! $3M sounds way better than $250k, hopefully others bank will follow