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Exchange Bank Scheduler

Bank Safety

The Safety Net of Federal Insurance

How much coverage does each depositor have?

$250,000 per ownership category. Deposit accounts maintained in different legal ownership categories (such as individual or joint accounts) are insured separately. All of the accounts in each category in any one institution are added together and generally insured up to $250,000. Much more may be available depending on how your deposit accounts are structured (see chart below for examples). The FDIC does not insure investments that are not bank deposits — for example, mutual funds, stocks, bonds, life insurance policies, and annuities — even if you purchased them from an FDIC–insured institution. Call your banker or the Telephone Customer Service Center with any further questions.

For more information from the FDIC

Start by going to the FDIC web site to find publications as well as the Electronic Deposit Insurance Estimator (EDIE), an interactive tool allowing you to get a summary of your FDIC coverage. Or call toll–free 1–877–ASK–FDIC (877.275.3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 800.925.4618.

Husband & Wife – $2,000,000

Husband, Wife & One Child – $2,500,000

Individual Accounts Individual Accounts
Husband
Wife
$250,000
$250,000
Husband
Wife
$250,000
$250,000
Joint Tenancy* Joint Tenancy*
Husband & Wife $500,000 Husband & Wife $500,000
Revocable Trust Accounts* Payable on Death Accounts (POD)**
Husband as Trustee for Wife
Wife as Trustee for Husband
$250,000
$250,000
Husband POD Child
Wife POD Child
Husband POD Wife
Wife POD Husband
$250,000
$250,000
$250,000
$250,000
Certain Retirement Accounts Certain Retirement Accounts
Husband
Wife
$250,000
$250,000
Husband
Wife
$250,000
$250,000
$2,000,000 $2,500,000
* Joint account with right of survivorship

 

* Joint account with right of survivorship
** Beneficiaries of any account are eligible for $250,000 FDIC Insurance

Husband, Wife & Two Children – $3,000,000

Parent & One Child – $750,000

Individual Accounts Individual Accounts
Husband
Wife
$250,000
$250,000
Parent $250,000
Joint Tenancy* Payable on Death Accounts (POD)**
Husband & Wife $500,000 Parent POD Child $250,000
Payable on Death Accounts (POD)** Certain Retirement Accounts
Husband POD 2 Children
Wife POD 2 Children
Husband POD Wife
Wife POD Husband
$500,000
$500,000
$250,000
$250,000
Parent $250,000
$750,000
Certain Retirement Accounts
Husband
Wife
$250,000
$250,000
$3,000,000
* Joint account with right of survivorship
** Beneficiaries of any account are eligible for $250,000 FDIC Insurance
** Beneficiaries of any account are eligible for $250,000 FDIC Insurance

The Ownership categories shown above have specific requirements that must be met in order to receive the coverage indicated. Failure to meet these requirements will result in funds being aggregated, and insured to a maximum of $250,000. Information on these requirements should be obtained from the FDIC website at http://www.fdic.gov/.