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FDIC Insurance Coverage

Dollar Bank, as a member of the Federal Deposit Insurance Corporation (FDIC), wants you to know that your deposits are now protected at a higher level. Our goal is to reinforce the fact that your deposits are safe, protected and insured whether you are a consumer or business owner. The safest place for your money is still in the bank.

We at Dollar Bank want to make sure that you have access to the tools and resources you need to understand how FDIC insurance works. For more information, please see our Frequently Asked Questions (FAQs) below.


The FDIC is an independent agency of the United States government that protects customers against the loss of their insured deposits if an FDIC-insured bank or savings association fails. Its mission is to provide insurance protection for depositors of failed banks and to help maintain sound conditions in the nation's banking system. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC.

FDIC insurance is backed by the full faith and credit of the United States government.


All types of deposits held at Dollar Bank are covered by FDIC insurance, including the following examples:


  • Checking accounts
  • Savings accounts
  • Time accounts (CDs)
  • Deposit products (such as CDs and savings accounts) held in IRAs and other retirement accounts
  • Outstanding cashier’s checks, money orders, loan disbursement checks, interest checks and drafts issued by Dollar Bank
Dollar Bank, and its Bank and non-bank affiliates, also offer a range of products and investment accounts that do not qualify as deposits and are therefore not covered by FDIC insurance. Examples of non-deposit products that are not covered by FDIC deposit insurance include:


  • Investments in mutual funds
  • U.S. Treasury bills, notes and bonds purchased through an insured institution
  • Annuities
  • Stocks, bonds or other securities
  • Insurance products
  • Contents of a safe deposit box
The standard deposit insurance amount is $250,000 per depositor, per FDIC-insured bank, per ownership category.

Customers can get detailed information about specific deposit insurance coverage by accessing the FDIC's Electronic Deposit Insurance Estimator (EDIE) and entering information about their accounts at:*
Yes. The FDIC insures deposits according to the ownership category in which the funds are insured and how the accounts are titled. 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. For example, a revocable trust account (commonly referred to as and In Trust For/Payable on Death accounts) with one owner naming three unique beneficiaries can be insured up to $750,000.

FDIC recognizes separate ownership categories, including the following:


  • Single Ownership Accounts
  • Joint Ownership Accounts
  • Revocable Trust Accounts (this includes In Trust For/Payable on Death accounts and living trusts)
  • Irrevocable Trust Accounts 
  • Accounts held by a Custodian/Guardian
  • Retirement and Employee Benefit Plan Accounts
  • Corporation, Partnership or Unincorporated Association Accounts
  • Government Accounts
For a basic category-by-category overview of FDIC deposit insurance coverage, you can use the FDIC Account Categories tool:*
You can call the FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 AM until 8:00 PM (Eastern Time), Monday through Friday, or contact them online at

*The information and content provided on this non-Dollar Bank website is for informational purposes only. Such information is provided as a convenience to you, and Dollar Bank makes no warranties or representations as to its accuracy and bears no liability for your use of this information. Dollar Bank does not endorse and is not responsible for the content, links, privacy policy, or security policy of this non-Dollar Bank website link. The information made available to you is not intended, and should not be construed as legal, tax, or investment advice, or a legal opinion. You should contact your legal, tax and/or financial advisors to help answer questions about your specific situation or needs prior to taking any action based upon this information.