Silicon Valley Bank Customers to Receive Access to All Deposits Starting Monday, Guaranteed by U.S. Government
On Monday, Silicon Valley Bank customers will be the first to receive access to all of their deposits, guaranteed by the U.S. government. This is a major victory for Silicon Valley Bank customers, who have been waiting for this access since the bank closed its doors in March due to the COVID-19 pandemic.The U.S. government has made a commitment to guarantee all deposits held at Silicon Valley Bank, up to $250,000 per account. This means that customers will be able to access their funds without any risk of loss due