All Program Banks are FDIC insured, so your funds are still eligible for FDIC insurance up to the limits set by the FDIC. In the event that a Program Bank fails, your funds will be aggregated with any other funds you have on deposit at that institution to determine if the FDIC insurance limit of $250,000 is met. To assist with calculating your FDIC deposit insurance coverage, the FDIC has an Electronic Deposit Insurance Estimator available.