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MAXIMIZING YOUR FDIC INSURANCE

MAXIMIZING YOUR FDIC INSURANCE 2025

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The document outlines the changes to FDIC insurance coverage effective July 21, 2010, which permanently increased the insurance limit to $250,000 per depositor per insured bank. It details temporary unlimited coverage for noninterest-bearing transaction accounts from December 31, 2010, to December 31, 2012, and explains how depositors can maximize their FDIC insurance beyond $250,000 through various account ownership categories. Additionally, it provides examples of how families can achieve higher coverage limits and emphasizes the importance of understanding account types and ownership structures for insurance purposes.

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Click ‘Get Form’ to open it in the editor.
Begin by reviewing the first section, which outlines the permanent increase of FDIC insurance coverage to $250,000. Ensure you understand how this applies to your accounts.
Fill in your personal information in the designated fields, including account types and ownership categories. This is crucial for determining your insurance limits.
Refer to the section on temporary FDIC insurance coverage for transaction accounts. If applicable, indicate if you have a noninterest-bearing transaction account.
Utilize the examples provided in the document to calculate potential coverage based on your specific account structure. Input these details into the relevant fields.
Finally, review all entries for accuracy before saving or exporting your completed form. This ensures that all information is correct and ready for submission.

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Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

Is it safe to keep more than 250k in one bank?

The standard deposit insurance coverage limit is $250,000 per depositor, per FDIC-insured bank, per ownership category. Deposits held in different ownership categories are separately insured, up to at least $250,000, even if held at the same bank.

How can I increase my FDIC coverage?

Open accounts with different ownership categories Opening accounts under different ownership categories at the same bank is one of the simplest ways to increase your FDIC coverage. Each ownership category receives its own $250,000 insurance limit, effectively multiplying your protection.

How can I get more than 250k FDIC insurance?

Here are four ways you may be able to insure more than $250,000 in deposits: Open accounts at more than one institution. This strategy works as long as the two institutions are distinct. Open accounts in different ownership categories. Use a network. Open a brokerage deposit account.

What if I have more than $250000 in the bank?

If you hold deposits with the same licensed banking institution that are over the $250,000 FCS limit, the excess amount over $250,000 will not be protected under the FCS but may be claimed in any subsequent liquidation process. For further information on the liquidation process go to the Banking FAQs.

How to get more than $250000 in FDIC insurance?

5 Ways To Get More FDIC Insurance Open accounts at multiple banks and credit unions. The $250,000 FDIC insurance limit applies to each FDIC-insured bank separately. Keep savings in different types of accounts. Use a cash management account. Look for an account with IntraFi network services. Purchase brokered CDs.

Can you purchase more FDIC insurance?

For example, a depositor who owns a single account is insured for up to a maximum of $250,000. If that depositor wishes to increase the amount of deposit insurance, they have several options, including opening accounts in different ownership categories which are available to them.

MAXIMIZING YOUR FDIC INSURANCE 2025

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