True or False: When you deposit your money at a community or online bank, your money is insured by the FDIC up to $250,000.

True: When you deposit your money at a community or online bank that is a member of the Federal Deposit Insurance Corporation (FDIC), your deposits are insured up to $250,000 per depositor, per insured bank, for each account ownership category. This means that your money is protected in case the bank fails. Always check if your bank is FDIC insured for peace of mind.