UPDATED 2014 

DEPOSIT INSURANCE 

AT A GLANCE

Federal Deposit Insurance Corporation 
FDIC DEPOSIT INSURANCE 

Since 1933, the FDIC seal has 

symbolized the safety and security 

of our nation’s fnancial institutions. 

FDIC deposit insurance enables 

consumers to confdently place their 

money at thousands of FDIC-insured 

banks across the country, and is 

backed by the full faith and credit of 

the United States government. 

FDIC deposit insurance coverage 

depends on two things: (1) whether 

your chosen fnancial product is a 

deposit product; and (2) whether 

your bank is FDIC-insured. 

THE FDIC COVERS 

• Checking accounts

• Negotiable Order of Withdrawal

(NOW) accounts

• Savings accounts

• Money Market Deposit Accounts

(MMDAs)

• Time deposits such as certifcates

of deposit (CDs)

• Cashier’s checks, money orders,

and other offcial items issued by

a bank

THE FDIC DOES NOT COVER 

• Stock investments

• Bond investments

• Mutual funds

• Life insurance policies

• Annuities

• Municipal securities

• Safe deposit boxes or their contents

• U.S. Treasury bills, bonds or notes

Depositors do not need to apply 

for FDIC insurance. Coverage is 

automatic whenever a deposit 

account is opened at an FDICinsured bank or fnancial institution. 

If you are interested in FDIC deposit 

insurance coverage, simply make 

sure you are placing your funds in 

a deposit product at the bank. 

COVERAGE LIMITS 

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. 

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. 

WHEN A BANK FAILS 

A bank failure is the closing of a bank by a federal or state banking regulatory 

agency, generally resulting from a bank’s inability to meet its obligations to 

depositors and others. In the unlikely event of a bank failure, the FDIC acts 

quickly to ensure depositors get prompt access to their insured deposits. 

FDIC deposit insurance covers the balance of each depositor’s account, 

dollar-for-dollar, up to the insurance limit, including principal and any 

accrued interest through the date of the insured bank’s closing. 

The FDIC acts in two capacities following a bank failure: 

1. As the “Insurer” of the bank’s deposits, the FDIC

pays deposit insurance to the depositors up to the insurance limit.

2. As the “Receiver” of the failed bank, the FDIC assumes the task of

collecting and selling the assets of the failed bank and settling its

debts, including claims for deposits in excess of the insured limit.

FDIC DEPOSIT INSURANCE COVERAGE LIMITS BY ACCOUNT OWNERSHIP CATEGORY 

SINGLE ACCOUNTS (OWNED BY ONE PERSON) $ 250,000 PER OWNER 

JOINT ACCOUNTS (OWNED BY TWO OR MORE PERSONS) $ 250,000 PER CO-OWNER 

CERTAIN RETIREMENT ACCOUNTS (INCLUDES IRAS) $ 250,000 PER OWNER 

REVOCABLE TRUST ACCOUNTS $ 250,000 PER OWNER PER UNIQUE BENEFICIARY 

CORPORATION, PARTNERSHIP AND UNINCORPORATED 

ASSOCIATION ACCOUNTS 

$ 250,000 PER CORPORATION, PARTNERSHIP OR 

UNINCORPORATED ASSOCIATION 

IRREVOCABLE TRUST ACCOUNTS $ 250,000 FOR THE NONCONTINGENT INTEREST 

OF EACH UNIQUE BENEFICIARY 

EMPLOYEE BENEFIT PLAN ACCOUNTS $ 250,000 FOR THE NONCONTINGENT INTEREST 

OF EACH PLAN PARTICIPANT 

$ 250,000 PER OFFICIAL CUSTODIAN (MORE COVERAGE GOVERNMENT ACCOUNTS AVAILABLE SUBJECT TO SPECIFIC CONDITIONS) 
FOR MORE INFORMATION 

FROM THE FDIC 

Call toll-free 

1-877-ASK-FDIC (1-877-275-3342)

Hearing impaired line 

1-800-925-4618

Calculate insurance coverage using EDIE 

The Electronic Deposit Insurance Estimator – known as EDIE – 

is an online tool that’s simple and easy to use. To calculate your 

deposit insurance coverage, use EDIE at: https://edie.fdic.gov.

Read more about FDIC insurance online 

at: www.fdic.gov/deposit/deposits 

Send questions by e-mail 

Use the FDIC’s online Customer Assistance 

Form at: https://ask.fdic.gov/fdicinformationandsupportcenter/s/

Mail questions 

Federal Deposit Insurance Corporation 

Attn: Deposit Insurance Section 

550 17th Street, NW 

Washington, DC 20429 

FDIC-002-2014 (Large Print)