Free FDIC insurance coverage calculator. Check whether your bank deposits are fully insured by entering balances across ownership categories and flagging amounts over the $250,000 limit.
The FDIC Insurance Coverage Calculator helps you verify that your bank deposits are fully protected. Enter your balances across different ownership categories — single, joint, IRA, trust, and business — at a single institution and the calculator flags any amounts exceeding the $250,000 per-depositor, per-category insurance limit.
FDIC insurance is one of the most important consumer protections in banking, covering deposits up to $250,000 per depositor, per insured bank, per ownership category. But the rules can be confusing, especially for joint accounts, trusts, and retirement accounts that each have their own separate coverage limits.
This tool simplifies the analysis by showing your total insured amount, total uninsured exposure, and exactly which categories are over the limit. Use it whenever you open a new account, receive a large deposit, or consolidate accounts. FDIC coverage caps at $250,000 per depositor, per insured bank, per ownership category. Joint accounts, trusts, and retirement accounts each receive separate coverage, and understanding these rules can significantly increase your total protected amount.
Most depositors assume their money is fully covered without checking. But high-balance customers, especially those with joint accounts, business accounts, or multiple account types at one bank, can easily exceed coverage limits without realizing it. This calculator provides a clear per-category breakdown so you can restructure your deposits for full protection.
Per category: Insured = min(Balance, Coverage Limit) Uninsured = max(0, Balance – Coverage Limit) Coverage limits: Single: $250,000 per depositor Joint: $250,000 per co-owner ($500,000 for 2 owners) IRA/Retirement: $250,000 Revocable Trust: $250,000 per beneficiary (up to 5) Business: $250,000 per entity
Result: Total uninsured: $145,000
Single account ($180,000) is fully covered. Joint account ($620,000) is covered up to $500,000 (2 owners × $250,000), leaving $120,000 uninsured. IRA ($275,000) is covered up to $250,000, leaving $25,000 uninsured. Business ($100,000) is fully covered. Total uninsured exposure: $145,000.
FDIC coverage is calculated per ownership category, not per account. Having three individual savings accounts at the same bank does not give you $750,000 in coverage — all three are combined under the single ownership category, giving you a combined limit of $250,000. But a single account plus a joint account with your spouse are two separate categories, each with their own limit.
A married couple can structure deposits for maximum coverage. Between individual accounts, joint accounts, IRAs, and revocable trust designations, a couple can achieve over $1.5 million in FDIC coverage at a single institution. The key is using different legal ownership categories, each of which carries its own $250,000 limit.
For most people, the $250,000 limit is more than enough. But it becomes relevant after receiving a large inheritance, selling a home, or building substantial business cash reserves. During these transitions, deposits can temporarily spike above limits. This calculator helps you catch those situations before a potential bank failure puts your money at risk.
The standard FDIC insurance limit is $250,000 per depositor, per insured bank, per ownership category. This has been the limit since the temporary increase during the 2008 financial crisis was made permanent by the Dodd-Frank Act in 2010.
Yes. Joint accounts are insured separately from individual accounts. Each co-owner is insured up to $250,000 for their share of the joint account. A joint account with two owners has up to $500,000 in coverage, separate from each owner's individual account coverage.
Yes. IRAs, self-directed 401(k)s, and other self-directed retirement deposits are insured separately from other ownership categories. This means the same person can have $250,000 in a single account AND $250,000 in an IRA at the same bank, both fully insured.
The FDIC insures deposits up to the coverage limit and pays those amounts typically within a few business days. Deposits exceeding the limit become unsecured claims against the failed bank and may receive partial recovery from the bank's remaining assets, but recovery is not guaranteed.
No. FDIC insurance only covers deposit accounts: checking, savings, money market deposit accounts, and CDs. Stocks, bonds, mutual funds, ETFs, and other investment products are not covered by FDIC, even if purchased through an FDIC-insured bank.
Use different ownership categories. A person can have $250,000 in a single account, $250,000 per co-owner in joint accounts, $250,000 in retirement accounts, and $250,000 per trust beneficiary — all at the same bank, all separately insured. Alternatively, spread deposits across multiple FDIC-insured banks.