fdic.gov

The Federal Deposit Insurance Corporation (FDIC) automatically covers deposit accounts at FDIC-insured banks. No application is needed. Types of accounts covered include checking, savings, money market, CDs, and certain prepaid cards. Coverage limits are $250,000 per ownership category. Ownership categories include single accounts, certain retirement accounts, joint accounts, trust accounts, employee benefit plan accounts, business accounts, and government accounts. The article explains how each ownership category is covered and provides detailed information regarding FDIC insurance limits and requirements. Additional information can be obtained by using the Electronic Deposit Insurance Estimator (EDIE) or contacting the FDIC Information and Support Center. Note: Not all bank products are covered by FDIC insurance.