For business accounts, FDIC coverage extends over checking, savings and money market deposit accounts alongside certificates of deposit. Again, FDIC insurance is only applicable to banking deposits, which excludes investment products. If a bank were ever to fail, theFDICwould provide to each depositor...
FDIC-insured accounts, like those offered by FDIC memberDiscover Bank®, are protected up to $250,000 per depositor, per account ownership category, in the unlikely event of a bank failure. You probably have a lot more questions about FDIC insurance, so let’s dive into some answers. What...
While opening accounts at different banks will help maximize your FDIC insurance, there are also efficiencies you can find with deposits held at the same institution. To calculate your coverage, including any trusts, business accounts, and employee benefit plans, visit theFDIC Electronic Deposit Insu...
Explore consumer accounts Explore business accounts FDIC protectionThe Federal Deposit Insurance Corporation, more commonly known as FDIC, provides depositors with insurance so they know their money is safe. The deposits must meet three criteria to be guaranteed by the government:The...
For more information, visit theFDIC website.* Common Ownership Categories The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. You may qualify for more than $250,000 in coverage at one insured bank if you own deposit accounts in different ca...
Frequently asked questions about the Federal Deposit Insurance Corporation (FDIC) including topics such as what types of accounts are covered and not covered, as well as coverage limits by account ownership category.
Coverage Over Basic Insurance The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. It is possible to qualify for more than the current $250,000 in coverage at one insured bank if you own deposit accounts in different ownership categories. Exam...
Changes in Temporary FDIC Insurance Coverage for Transaction Accounts.(Federal Deposit Insurance Corporation )(Legislation)Sullivan, Timothy
and Consumer Protection Act. Depositors who are concerned about ensuring that their deposits are fully covered can increase their insurance by having accounts in other member banks or by making deposits into different account types in the same bank. Thesame rules hold true for business accounts.17...
Deposits in personal accounts from owners or members of a corporation, partnership, LLC, or unincorporated organization at the same bank are not used to calculate the total deposits of a business; they are subject to separate limits. Bank customers can use the FDIC'sElectronic Deposit Insurance Es...