How do you get your money covered by FDIC insurance once your bank fails?

Suppose you have a savings account with $20,000. The bank, which is FDIC insured, fails. What is the exact process for getting your money back and how difficult is that process?

How do you get your money covered by FDIC insurance once your bank fails?
A great article on this is found here:


http://www.mymoneyblog.com/archives/2007...





The takeaway is:





1. Never have more than $100,000 in any one bank





2. Neither the govt nor the bank will likely notify you that it's about to fail or has failed





3. The failed bank's assets will be transferred to another bank and, if under the FDIC's $100,000 coverage limit, you should be able to get your money fairly easily with limited interruption.
Reply:Not hard. The FDIC arranges either a merger into another bank or establishes a "temporary bank".
Reply:why don't u save money n etiqa which after every 3 yrs u get dividen aboat rm5,000?