CONTENT Accounts ATM / Debit Cards Business Accounts Certificates of Deposit Checking Accounts Credit Card Accounts Online Banking / Billpay Retirement Accounts Savings Accounts Trusts Checks /    Money Orders Checks You Received Checks You Wrote Money Orders Lending Business Credit Credit Cards Home Equity Home Mortgage Personal Student Loans Vehicle Loans Manage Your Money Debt Management Personal Finance My bank said. . . Safe Deposit Boxes Scams / Fraud Identity Theft Internet Fraud / Phishing Special Situations Deceased Individuals Foreign Customers Incapacitated Individuals Minors Powers of Attorney Special Topics Bank Failures Off to School   DEPARTMENTS Ask a Banker Banking Blog Banking Lingo Banking Tools Discussions Multimedia Podcasts Videos Resources   DETAILS Site Index Site Map Site Orientation Link to Our Site About Advertising About Us Legend for Icons  Article    Q&A  Podcast  Video  Blog  Discussions PDF    Powerpoint BankingQuestions.com Web   Home >> Bank Failures >> Podcasts I listened to your podcast on how deposit insurance works with Payable on Death accounts. I’m curious to know, what if the account is a joint account with a POD beneficiary. How does deposit insurance work in that case? Note: This podcast discusses FDIC coverage of payable on death accounts and revocable trusts. Effective September 26, 2008, the FDIC amended its rules on insurance coverage of such accounts. The former restriction of coverage to "qualified beneficiaries" (immediate family members) was lifted. Coverage continues to be capped at $100,000 per beneficiary per depositor.For depositors with more than $500,000 in POD or revocable trust accounts and more than five beneficiaries, the coverage is the greater of either $500,000 or the sum of all the named beneficiaries' proportional interests in the trusts, limited to $100,000 per different beneficiary. Accounts |  Lending | Manage Your Money | Safe Deposit Boxes  | Scams/Fraud BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more. Privacy Policy |  Disclaimer  |  Recommend This Site!  | Site Index | Link to Our Site  | Email Us