The moment you deposit money into a bank it stops being your property. You become an unsecured creditor. When you deposit money at a bank you are making an insecure loan to that institution. You are not storing your money, you are lending it. If the bank fails, you stand in line with other creditors. The first 250,000 is covered by FDIC insurance in the United States. Everything above that line is an unsecured claim…The FDIC’s own documentation describes deposits as unsecured debts of the bank. :Reset Intelligence
