Experts are warning that US bank customers will face a financial burden from a Biden administration-approved bailout of Silicon Valley Bank — despite assurances from President Biden that taxpayers won’t be responsible for the bill.

In an extraordinary move, the feds announced plans Sunday to use the Federal Deposit Insurance Corp.’s Deposit Insurance Fund (DIF) to cover all deposits at the doomed SVB and another failed firm, Signature Bank in New York, with “no losses” incurred by taxpayers.

President Biden insisted that taxpayers wouldn’t be burdened in his Monday speech on the crisis.

However, if the banking crisis escalates and the DIF’s reserve runs dry, taxpayers would be on the hook for the difference, experts told The Post.

Even if it does not come to that, the FDIC-insured banks that fund the DIF through quarterly payments are likely to pass along their costs to customers. (Read more from “Trickle-Down Economics: Bank Customers Will Pay For SVB Bailouts Through Higher Fees, Cuts in Services” HERE)

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