The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.
The FDIC provides separate insurance coverage for funds depositors may have in different categories of legal ownership. The FDIC refers to these different categories as “ownership categories.” This means that a bank 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 ownership category are met.
For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
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