FDIC Deposit Insurance Coverage
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the
United States government that protects the funds depositors place in banks and savings
associations. FDIC insurance is backed by the full faith and credit of the United States
government. Since the FDIC was established in 1933, no depositor has ever lost a
single penny of FDIC-insured funds.
FDIC insurance covers all deposit accounts, including checking and savings accounts,
money market deposit accounts and certificates of deposit. FDIC insurance does not
cover other financial products and services that banks may offer, such as stocks, bonds,
mutual fund shares, life insurance policies, annuities or securities.
The standard insurance amount is $250,000 per depositor, per insured bank, for each
account ownership category.
The FDIC provides separate coverage for deposits held in different account ownership
categories. Depositors may qualify for more coverage if they have funds in different
ownership categories and all FDIC requirements are met. (For details on the
requirements, go to www.fdic.gov/deposit/deposits.)
The following chart shows standard insurance amounts for FDIC account ownership
categories. All deposits that an accountholder has in the same ownership category at the
same bank are added together and insured up to the standard insurance amount.
FDIC Deposit Insurance Coverage Limits 1
by account ownership category
Single Accounts $ 250,000 per owner
owned by one person
Joint Accounts $ 250,000 per co-owner
owned by two or more persons
Certain Retirement Accounts $ 250,000 per owner
$ 250,000 per owner per beneficiary up to 5
beneficiaries (more coverage available with 6 or more
Revocable Trust Accounts beneficiaries subject to specific limitations and
Corporation, Partnership and $ 250,000 per corporation, partnership or
Unincorporated Association unincorporated association
Irrevocable Trust Accounts $ 250,000 for the non-contingent, ascertainable
interest of each beneficiary
Employee Benefit Plan $ 250,000 for the non-contingent, ascertainable
Accounts interest of each plan participant
Government Accounts $ 250,000 per official custodian
To calculate your deposit insurance coverage
Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.
For questions about FDIC coverage limits and requirements
Visit www.FDIC.gov/deposit/deposits, call toll-free 1-877-ASK-FDIC, or ask a
representative at your bank.
1Beginning December 31, 2010 through December 31, 2012, deposits held in
noninterest-bearing transaction accounts will be fully insured, regardless of the amount
in the account, at all FDIC-insured institutions.
The more you know about FDIC deposit insurance coverage, the safer your
Depositors should understand their coverage limits and confirm that a financial institution
The FDIC sign, displayed at every FDIC-insured institution, is a symbol of confidence for
There is no need for depositors to apply for FDIC insurance or even to request it;
coverage is automatic, up to the insurance limits described above, whenever a deposit
account is opened at an FDIC-insured bank or savings association.
To learn more about the FDIC's insurance coverage rules and requirements, refer to the
resources listed below.
For More Information from the FDIC
Calculate insurance coverage
Use the FDIC's online Electronic Deposit Insurance Estimator at: www.fdic.gov/edie
Read more about FDIC insurance online
1-877- ASK-FDIC (1-877-275-3342)
Hearing impaired line
Send questions by e-mail
Use the FDIC's online Customer Assistance Form at: www2.fdic.gov/starsmail
Federal Deposit Insurance Corporation
Attn: Deposit Insurance Outreach Group
550 17th Street, NW
Washington, DC 20429
How much money is insured by FDIC?The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC provides separate coverage for deposits held in different account ownership categories. Depositors may qualify for coverage over $250,000 if they have funds in different ownership categories and all FDIC requirements are met.
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