FOR MORE INFORMATION

Call toll-free

1-877-ASK-FDIC 

(1-877-275-3342)

Calculate your insurance coverage using the 

FDIC’s Electronic Deposit Insurance Estimator 

(EDIE) https://edie.fdic.gov

Read more about FDIC deposit insurance online 

https://www.fdic.gov/resources/depositinsurance/

View frequently asked questions on deposit 

insurance coverage https://www.fdic.gov/

resources/deposit-insurance/faq/

Order print copies of our brochures through 

the FDIC’s online catalog https://catalog.fdic.gov/

catalog/s/

Submit deposit insurance questions online using 

the FDIC Information and Support Center https://

ask.fdic.gov/fdicinformationandsupportcenter/s/

  

Submit deposit insurance questions by U.S. Mail

Federal Deposit Insurance Corporation

Attn: Deposit Insurance Unit

550 17th Street, NW

Washington, DC 20429

DEPOSIT

INSURANCE

AT A GLANCE

UPDATED APRIL 1, 2024

FEDERAL DEPOSIT INSURANCE CORPORATION

Since the FDIC began operations in 1934, 

the FDIC sign on bank teller windows has 

served as a symbol of financial safety and 

security. When you visit a bank, whether in 

person or online, and see the FDIC Official 

Sign, you know the financial institution is 

backed by the full faith and credit of the 

United States government, and that your 

money on deposit is safe. 

Consumers have a variety of options for 

where they can deposit their money and 

how they can access banking products and 

services. However, FDIC deposit insurance 

is only available for money on deposit at 

an FDIC-insured bank. 

This brochure provides basic information 

about the types of accounts that are insured, 

coverage limits, and how the FDIC insures 

your money if your bank fails. For more 

detailed information about deposit insurance 

coverage, our Your Insured Deposits brochure 

may be helpful (https://www.fdic.gov/

resources/deposit-insurance/brochures/

insured-deposits/).

FDIC-002-2024
WHAT TYPES OF DEPOSITS 

ARE INSURED?

At FDIC-insured banks, the FDIC 

insures money in deposit products, 

including:

y Checking Accounts

y Negotiable Order of Withdrawal (NOW) Accounts

y Savings Accounts

y Money Market Deposit Accounts (MMDAs)

y Time Deposits, such as Certificates of Deposit (CDs)

y Cashier’s Checks, Money Orders, and other official 

items issued by a bank

The FDIC does not insure:

y Stock Investments

y Bond Investments

y Mutual Funds

y Crypto Assets

y Life Insurance Policies

y Annuities

y Municipal Securities

y Safe Deposit Boxes or their contents

y U.S. Treasury Bills, Bonds, or Notes*

* These investments are not insured by the FDIC, but they are 

backed by the full faith and credit of the U.S. government.

HOW DO I KNOW THAT MY 

MONEY IS INSURED?

FDIC insurance coverage is automatic when you 

open a deposit account at an FDIC-insured bank. 

You can confirm that your bank is insured by 

searching for it in the BankFind (https://banks.data.

fdic.gov/bankfind-suite/bankfind) tool available on 

our website at www.fdic.gov or you can call the 

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

HOW MUCH OF MY MONEY 

IS INSURED?

The standard insurance amount is $250,000 per 

depositor, per insured bank, for each account 

ownership category. When calculating an individual’s 

coverage amount, the FDIC adds together all of the 

deposit accounts you hold in the same ownership 

category at the same bank regardless of the deposit 

type (e.g., Certificates of Deposit (CDs), checking, 

savings, or money market deposit accounts (MMDAs). 

This means that if you have deposits in different 

account categories at the same FDIC-insured bank, 

your insurance coverage may be more than $250,000, 

if all requirements are met. 

If you have accounts at different FDIC-insured banks, 

the limit applies at each bank: $250,000 per depositor 

for each account ownership category.

You can calculate your specific insurance coverage 

amount using the Electronic Deposit Insurance 

Estimator (EDIE), a calculator that is available on 

the FDIC’s website.

IF MY BANK FAILS, HOW 

DOES THE FDIC PROTECT 

MY MONEY?

Deposit insurance coverage protects depositors 

against the failure of an insured bank; it does not 

protect against losses due to theft or fraud, which 

are addressed by other laws. In the unlikely event of 

a bank failure, the FDIC acts quickly to ensure that 

all 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 failure.

In many cases, a failed bank is acquired by another 

FDIC-insured bank. When this occurs, customers of 

the failed bank are able to access their money through 

the acquiring bank. 

In the event a failed bank is not acquired by another 

bank, the FDIC conducts a quick and thorough 

process to identify all customers, calculate their 

deposit insurance coverage, and provide their money 

to them as quickly as possible.

When your money is in an FDIC-insured bank, you 

can rest assured. Since 1934, no depositor has lost a 

penny of their FDIC-insured funds.

FDIC Deposit Insurance Coverage Limits by 

Account Ownership Category

Single Accounts 

(i.e., accounts owned 

by one person, no 

beneficiaries)

$250,000 per owner

Joint Accounts 

(i.e., accounts owned by 

two or more persons, no 

beneficiaries)

$250,000 per co-owner

Certain Retirement 

Accounts 

(including IRAs)

$250,000 per owner, 

regardless of the number 

of beneficiaries

Trust Accounts

(with beneficiaries)

y Informal Revocable 

Trusts 

◦ Payable on Death 

(POD) or In Trust 

For (ITF)

y Formal Revocable 

Trusts 

y Irrevocable Trusts

$250,000 per beneficiary, 

using the following 

formula: 

# of Owners x # of 

Beneficiaries x $250,000 = 

Amount Insured 

(not to exceed $1,250,000 

per owner for all trust 

accounts at the same bank)

Employee Benefit Plan 

Accounts

$250,000 for the noncontingent interest of each 

plan participant

Corporation, 

Partnership, and 

Unincorporated 

Association Accounts

$250,000 per corporation, 

partnership, or 

unincorporated association

Government Accounts $250,000 per official 

custodian (more coverage available subject to specific 

conditions)