REGULATORY FRAMEWORK & PROTECTIONS
Deposit Insurance Principles & Legal Limits
The FDIC safeguards trillions of dollars in deposits across thousands of banks nationwide, backed by the full faith and credit of the United States Government.
Since the establishment of the FDIC in 1933, no depositor has ever lost a single penny of insured funds due to bank insolvency. Learn how your funds are protected under federal statute.
Ownership Categories and Coverage Rules
Accounts held in different ownership categories at the same bank are insured separately, allowing depositors to obtain coverage exceeding $250,000 at a single institution.
Category 01
Single Accounts
Owned by one individual with no beneficiaries. Insured up to $250,000 for all single accounts combined at the same institution.
Category 02
Joint Accounts
Owned by two or more individuals with equal withdrawal rights. Each co-owner is insured up to $250,000 for their aggregate share of joint accounts.
Category 03
Trust & Retirement
Revocable/irrevocable trusts insured up to $250,000 per eligible beneficiary. Traditional and Roth IRAs insured up to $250,000 separately.
FDIC Consumer Protection
Deposit Insurance Frequently Asked Questions
Detailed answers on the Electronic Deposit Insurance Estimator (EDIE), calculating multi-account coverage, and claims processing.