Are checking accounts protected by the FDIC?

Answer The Federal Deposit Insurance Corp. (FDIC) insures traditional bank deposit checking accounts up to $250,000. Checking accounts tied to investment products, like money market mutual funds, are not ... Read More »

Top Q&A For: Are checking accounts protected by the FDIC

Are checking accounts FDIC insured?

Like savings, trust, CDs and IRA accounts, bank checking accounts are insured by the Federal Deposit Insurance Corp. (FDIC) up to $250,000. An insurance limit greater than $250,000 is granted for ... Read More »

Are checking accounts covered by the FDIC?

Yes, the Federal Deposit Insurance Corporation (FDIC) insures all personal bank accounts, including checking and savings accounts. The FDIC normally insures these accounts for $100,000, but as of ... Read More »

Are business checking accounts FDIC insured?

Business checking accounts, a type of demand deposit account, are federally insured according to the FDIC. These accounts are generally insured for up to $250,000, but sometimes more under certain... Read More »

Does FDIC insurance cover checking accounts?

Yes, Federal Deposit Insurance Corporation (FDIC) insurance covers checking accounts, provided the financial institution that houses the account is a member of the FDIC. Banks must typically post s... Read More »