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FDIC Insurance Amount per Location
Can a person have his FDIC protection in one bank with amounts of more than $100,000 in that account?
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 Contact your bank for a full explanation of FDIC insurance coverage. In general, it is limited to $250,000 per depositor for each right and capacity, so all of your individually-owned accounts are combined and the first $250,000 is insured. Your interest in all of your joint accounts in the same bank are combined and insured up to $250,000. The interests of other joint owners is also insured, subject to the same procedure. Certain accounts that you own, but have designated as payable on your death to qualified members of your family, are insured up to $250,000 per owner/beneficiary combination. Finally, your interest in self-directed retirement accounts (IRAs, 401Ks, etc.) is totaled and insured up to $250,000. BankingQuestions.com has a number of FDIC insurance coverage Q&As listed on our Bank Failures page.
Note: This page has been updated to reflect the temporary increase in deposit insurance limits. The "standard maximum deposit insurance amount" on FDIC and NCUSIF deposit coverage was increased to $250,000 beginning on 10/3/08. It will revert to $100,000 after 12/31/2013.
Published on BankingQuestions.com 9/24/08
Updated 10/8/08 and 6/16/09
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