What is the insurance limit?
The FDIC provides separate insurance coverage for funds depositors may have in different categories of legal ownership or "ownership categories." The standard deposit insurance amount is $250,000 per depositor for each account ownership category. A customer who has multiple accounts may qualify for more than $250,000 in insurance coverage if the customer's funds are deposited in different ownership categories and the requirements for each category are met.
To learn more, contact the FDIC toll-free at 877-ASKFDIC (877-275-3342) or visit www.fdic.gov/deposit/deposits.