Are segregated customer accounts insured?

K

kxvid

I have some money at BAC in a futures account. Since it is in a segregated customer account, does anybody know if it is FDIC insured up to 250,000? It is the only money I have at BAC, if nobody knows I will contact my broker and report back.
 
I'm not an expert, however I believe that it is NOT insured, because it's in a futures account.

If it was in a BAC bank account, then it would be insured.

Having said that, I doubt that the US govt would let BAC customers lose any of their money.


Quote from kxvid:

I have some money at BAC in a futures account. Since it is in a segregated customer account, does anybody know if it is FDIC insured up to 250,000? It is the only money I have at BAC, if nobody knows I will contact my broker and report back.
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