$250,000
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 much did the FDIC insure in case of a bank failure?

What is the FDIC insurance amount? The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank.

What kind of deposits are covered by FDIC insurance?

What’s Covered. FDIC insurance covers all types of deposits received at an insured bank, including deposits in a checking account, negotiable order of withdrawal (NOW) account, savings account, money market deposit account (MMDA), time deposit such as a certificate of deposit (CD), or an official item issued by a bank,…

How much money can a FDIC insured bank hold?

Deposits at FDIC-insured banks have coverage up to $250,000 per depositor, per bank. This means that up to $250,000 of your money, spread across deposit accounts, is covered at a single bank. Deposit accounts include:

What happens if a FDIC insured bank goes out of business?

In an FDIC-insured bank was to go out of business, the failed bank’s deposits would be transferred to another FDIC-insured bank. If that isn’t possible, depositors will receive a check from the FDIC up to the amount of coverage for their deposits (up to the maximum of $250,000 per person).

How does the FDIC work with the banks?

Just like you pay car insurance premiums, American banks pay premiums to the FDIC. The FDIC in turn uses that money, plus other federal funds, to repay customers if a bank fails. The agency insures most American banks, making it responsible for trillions of dollars in deposits.