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First confirm that the legal bank holding your money is FDIC-insured with the FDIC’s Bank Find. Then estimate how much of your eligible deposits are covered with the FDIC’s Electronic Deposit Insurance Estimator (EDIE), entering every account at that bank and its ownership category. The standard limit is $250,000 per depositor, per insured bank, per ownership category; it is not $250,000 for every account.
Check the bank and the account
1. Identify the insured bank
Look in your account agreement, statements, or deposit disclosures for the legal name of the bank that holds the funds. A financial brand, app, or intermediary may not be the insured bank. Search that legal bank name in the FDIC’s Bank Find. You can also call the FDIC at 1-877-ASK-FDIC (1-877-275-3342). The FDIC says insured institutions must display an official FDIC sign at each teller window or teller station.
2. Confirm that the product is a deposit
Eligible deposit examples include checking and savings accounts, money market deposit accounts, and certificates of deposit (CDs). A product does not become an insured deposit just because it is offered through a bank or financial company. Stocks, bonds, mutual funds, crypto assets, annuities, and life insurance are not FDIC-insured deposits. See the FDIC’s deposit insurance guidance for covered and excluded products.
Estimate your coverage with EDIE
After identifying an insured bank and eligible deposits, use the FDIC’s EDIE estimator. It estimates coverage from the balances and ownership information you enter; it does not verify that the bank or product qualifies. EDIE does not calculate employee benefit plan coverage. Its help page also explains that the report does not apply when funds are not deposits at an FDIC-insured bank.
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- Developed jointly by the US Department of Transportation, Transport Canada, and the Secretariat of Communications and Transportation of Mexico (SCT)
- Used by firefighters, police, and other emergency services personnel, and other first responders.
- It is primarily a guide to aid first responders
- Allows quickly identifying the specific or generic classification of the material(s) involved in the incident.
- Protects yourself and the general public during the initial response phase of an incident.
- Gather the current balances of your eligible deposits at the bank.
- Include accounts at every branch of that bank. Branches do not count as separate insured banks.
- Classify each account by its legal ownership category, such as single, joint, retirement, trust, business, employee benefit plan, or government.
- Enter the supported account and ownership details in EDIE and review its estimate.
- If EDIE does not support the account type or the ownership structure is complicated, contact the FDIC at 1-877-275-3342.
How the $250,000 standard limit works
The FDIC’s current guidance, accessed October 7, 2026, sets standard coverage at $250,000 per depositor, per insured bank, per ownership category. Deposits held by the same depositor in the same category at one insured bank are added together.
- Single accounts: A person’s single-owner checking account and CD at the same bank are combined within the single-account category. They do not each get a separate $250,000 limit.
- Joint accounts: Each co-owner’s share across qualifying joint accounts at the same bank is combined and subject to a $250,000 limit per owner. The FDIC’s examples describe up to $500,000 of coverage for a couple’s qualifying joint accounts.
- Different banks and branches: Deposits at separately insured banks are treated separately. Moving money between branches of the same insured bank does not create another limit.
Retirement, trust, business, employee benefit plan, and government deposits have category-specific rules. For example, the FDIC’s brochure updated April 1, 2024 describes a revocable-trust coverage cap of $1,250,000 per owner. Trust coverage depends on eligible owners, unique beneficiaries, and other requirements, so do not rely on a simple owner-times-beneficiary calculation. Review the FDIC’s detailed deposit-insurance guidance or contact the agency for help with a trust or another complex arrangement.
What Bank Find and EDIE each tell you
| FDIC tool | What it answers | What you need to provide | Important limit |
|---|---|---|---|
| Bank Find | Whether the named institution is FDIC-insured | The bank’s legal name | It does not estimate your personal coverage |
| EDIE | An estimate of coverage based on accounts and ownership | Balances and ownership details | It does not cover every account type, including employee benefit plan calculations, and does not establish that a non-deposit product or uninsured bank qualifies |
When to ask the FDIC directly
Call 1-877-275-3342 if your account arrangement is complex, an account type is not supported in EDIE, or you cannot tell which legal bank holds the funds. The FDIC says consumers do not need to apply for coverage: it is automatic when a deposit account is opened at an FDIC-insured bank or financial institution.
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