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ATTENTION: Through December 31, 2012, all funds in a "non-interest bearing transaction account" are fully insured by the Federal Deposit Insurance Corporation (FDIC). The coverage is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules. Read this notice to learn more about the temporary change in coverage.

On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raises the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category. Read the full press release.

What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is a United States government agency that was established in 1933. After many banks failed during the Great Depression, Congress passed the Glass-Steagall Act which created the FDIC. The FDIC provides insurance on depositors' funds held at financial institutions.

What is the purpose of FDIC deposit insurance?
If a financial institution fails, the FDIC guarantees that “deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.”¹

The FDIC has a short video on the basics of deposit insurance coverage. View the presentation.

For more information on FDIC coverage, check out the following resources:
Electronic Deposit Insurance Estimator (EDIE)
Insuring Your Deposits
Depositor's Bill of Rights
Short Answers on Deposit Insurance

To speak with a deposit insurance specialist at the FDIC, call 877-ASK-FDIC (275-3342).

Read the latest issue of FDIC Consumer News. This newsletter provides practical guidance on how to become a smarter, safer user of financial services. Each issue offers helpful hints, quick tips, and common-sense strategies to protect and stretch your hard-earned dollars.

¹The FDIC Website