Deposit insurance protects your money if an insured bank fails, but only up to a limit. The standard limit is $250,000 per depositor, per insured bank, per ownership category, as set by the FDIC. Use this calculator to see how much of your balance at one bank is covered.
How to read the result
The limit applies separately at each insured bank, so money at two different banks is calculated separately, and it applies per ownership category, which is why single, joint and retirement accounts are listed apart. Joint accounts assume equal ownership between co-owners.
Other kinds of accounts, such as trusts, business accounts and accounts held for others, follow their own rules. For those, use the FDIC’s Electronic Deposit Insurance Estimator (EDIE). Credit unions are covered by the NCUA instead, with the same standard limit.
Not sure whether your bank is covered at all? Check with our FDIC bank lookup.
This is an estimate for planning, not a guarantee of coverage. Only the FDIC can determine insurance coverage for a specific situation.