The standard deposit insurance amount is $250,000 per depositor,
per insured bank, for each account ownership category.
The FDIC insures deposits that a person holds in one insured
bank separately from any deposits that the person owns in another
separately chartered insured bank. For instance, if a person has
a checking account at Bank A and has a checking account at Bank B,
the accounts would each be insured separately up to $250,000.
Funds deposited in separate branches of the same insured bank are
not separately insured.
The FDIC provides separate insurance coverage for funds depositors
may have in different categories of legal ownership. The FDIC
refers to these different categories as ownership categories. This
means that a bank customer who has multiple deposits may qualify
for more than $250,000 in insurance coverage if the customers
accounts are deposited in different ownership categories and the
requirements for each ownership category are met.
Stay within FDIC limits and your deposit accounts are 100% safe and secure. EDIE makes it easy. EDIE (Electronic Deposit Insurance Estimator) is easy to use. To save time, have with you a list of your deposit accounts at your bank and the amount you have in each account. If you have joint accounts or trust accounts that name beneficiaries, have those names, too. Just go to www.FDIC.gov/EDIE and click on the Use EDIE Now button to get started. Enter your information into EDIE. It's secure. And in just a few moments, you will know if you are safely within the FDIC coverage limits. If not, EDIE can guide you to information that will help you.