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FDIC Insurance

When you hold money in a Federal Deposit Insurance Corporation (FDIC) insured account; you won’t lose your money if the bank fails.

For a free, confidential consultation to discuss rights and obligations of FDIC insurance coverage, contact a San Francisco attorney at The Evans Law Firm at 415-441-8669 or 888-50-EVANS or

San Francisco Attorneys, Ensuring that FDIC Insurance Coverage Meets Asset Protection Goals

FDIC insurance applies to all deposits at covered banks. This includes: checking accounts, savings accounts, CDs, money market accounts (but not money market funds). FDIC insurance does not cover safety deposit box contents, investments such as mutual funds or stocks, and insurance products such as annuities.

Credit unions are not covered by FDIC insurance; instead, they have NCUSIF protection. FDIC insurance does not protect you against identity theft or unauthorized use of your bank account. FDIC insurance is not unlimited. If you have too much money in the bank you may be leaving yourself open to risk. The basic FDIC insurance limits are:

  • $100,000 per depositor
  • $250,000 in certain retirement accounts per depositor

These limits are separate for each bank that you have accounts at. Note that you can have more than $100,000 of coverage at one bank if the money is spread among various owners or ‘registrations’. Furthermore, banks are required to meet certain standards to qualify for FDIC coverage.

The Evans Law Firm Serves California Communities

To discuss the importance of FDIC insurance coverage to your asset protection plan, please call 415-441-8669 or contact our lawyers online via e-mail. Located in San Francisco, we accept cases in Oakland and communities throughout California.

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