FAQs: FDIC Insurance
The basics you need to know about FDIC Insurance coverage.
What is the FDIC?
A person does not have to be a U.S. citizen or resident to have his or her deposits insured by the FDIC.
What does FDIC deposit insurance cover?
The FDIC does not insure money invested in stocks, bonds, mutual funds, life insurance policies, annuities or municipal securities, even if these investments are purchased at an insured bank. The FDIC does not insure safe deposit boxes or their contents.
How much insurance coverage does the FDIC provide?
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 deposits may qualify for more than $250,000 in insurance coverage if the customer’s accounts are deposited in different ownership categories and the requirements for each ownership category are met.
How can I learn more about the FDIC?
Or call the agency directly at toll-free 1-877- ASK-FDIC (1-877-275-3342).