FDIC Insurance Checker

This calculator is designed to check your exposure to the maximum amount of FDIC insurance held in as many accounts as possible without going beyond your FDIC insurable limits from any single 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.

Deposit insurance is a type of protection provided by the government to safeguard depositors' money held in banks and other financial institutions. In the United States, the FDIC provides deposit insurance coverage for different types of accounts up to certain limits. Here are the deposit insurance limits for different types of accounts:

Single Accounts: A single account is an account owned by one person. The FDIC provides insurance coverage up to $250,000 per depositor, per bank.
Joint Accounts: A joint account is an account owned by two or more people. The FDIC provides insurance coverage up to $250,000 per co-owner, per bank.
Retirement Accounts: Retirement accounts, such as Individual Retirement Accounts (IRAs) and certain types of employer-sponsored retirement plans, are insured separately from other types of deposit accounts. The FDIC provides insurance coverage up to $250,000 per owner, per bank, for each type of retirement account.
Revocable Trust Accounts: Revocable trust accounts, which are accounts held in trust for one or more beneficiaries, are insured up to $250,000 per owner, per beneficiary, per bank.
Irrevocable Trust Accounts: Irrevocable trust accounts, which are accounts held in trust for one or more beneficiaries that cannot be changed or revoked, are insured up to $250,000 for the beneficial interest of each beneficiary.
Corporation, Partnership and Unincorporated Association Accounts: which the FDIC provides coverage for each $250,000 per corporation, partnership or unincorporated association.
Employee Benefit Plan Accounts: $250,000 of coverage for the noncontingent interest of each plan participant.
Government Accounts: $250,000 per official custodian with more coverage available subject to specific conditions.

It is important to note that the FDIC insurance coverage limit applies to the total of all deposits held in the same ownership category at the same bank. Therefore, if a depositor has multiple accounts in the same ownership category at the same bank, the total amount of insurance coverage will be limited to $250,000.