Each depositor insured to at least $250,000 per insured bank

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Important Update: Changes in FDIC Deposit Insurance Coverage

The FDIC deposit insurance rules have undergone a series of changes starting in the fall of 2008. As a result, certain previously published information related to FDIC insurance coverage may not reflect the current rules. For details about the changes, visit Changes in FDIC Deposit Insurance Coverage. For more information about FDIC insurance, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342). For the hearing-impaired, the number is 1-800-925-4618.

Special 10th Anniversary Edition - Fall 2003

Setting the Record Straight about FDIC Insurance
We've learned that there are misperceptions about how FDIC insurance works. To set the record straight, here are some basic facts:
  • If you have $100,000 or less in an FDIC-insured institution, you are always fully protected.
  • Depositors can have more than $100,00 in an institution and still be fully insured by the FDIC if the funds are in different account categories — single, joint, IRAs, and other categories as described in the FDIC regulations.
  • Most depositors have access to all of their insured funds within one business day after a bank failure.
  • Depositors who have money over the insurance limit in a failed institution may receive some portion of their uninsured funds after the FDIC sells the institution's assets and determines how much money, by law, is available to pay uninsured depositors.
Excerpted from "Special Report: Are You Sure You're Fully Insured?," Fall 2001

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Last Updated 01/22/2009 communications@fdic.gov