FDIC insured per person or per bank?

[veryh2o]

What is the name of your state (only U.S. law)? California

Hi there,

need to know how FDIC insurance works. I know that the FDIC insured up to $250k, but is it per person or per bank?

for example,

I have a savings of $250k in bank A, and i have a checking $100k in bank B. Will FDIC insured all of my money or just the $250k for both accounts? i am the sole owner for both accounts.

Thanks,

[Antigone*of*Greece]

Originally Posted by veryh2o

What is the name of your state (only U.S. law)? California

Hi there,

need to know how FDIC insurance works. I know that the FDIC insured up to $250k, but is it per person or per bank?

for example,

I have a savings of $250k in bank A, and i have a checking $100k in bank B. Will FDIC insured all of my money or just the $250k for both accounts? i am the sole owner for both accounts.

Thanks,

The FDIC insurance for each bank. As long as you stay under the 250k threshold the Feds have your bank

If you are curious about how to structure accounts in order to stay within those limit you can always go to [url=http://www.fdic.gov]FDIC: Federal Deposit Insurance Corporation[/url]

take care, ana

[veryh2o]

Originally Posted by Wirelessany1

The FDIC insurance for each bank. As long as you stay under the 250k threshold the Feds have your bank

If you are curious about how to structure accounts in order to stay within those limit you can always go to [url=http://www.fdic.gov]FDIC: Federal Deposit Insurance Corporation[/url]

take care, ana

cool, thanks for your reply.