Deposit funds in accounts at different insured institutions, with no more than US$250,000 deposited at each institution.In order to maximize FDIC insurance coverage, a depositor could utilize one or more of the following options: By contrast, deposits at different branches of the same insured institution are treated as one account and subject to the US$250,000 limit. Because each of those accounts is separately insured, the depositor has US$350,000 in total insured deposits. For example, a depositor can have US$250,000 on deposit at Bank A and US$100,000 at Bank B. Each of these accounts is considered a separate and distinct account for FDIC insurance purposes. Frequently asked questions How does a depositor maximize FDIC coverage? How does a depositor mitigate uninsured risk at a bank?Ī depositor is insured up to the FDIC insurance limit (currently, US$250,000) for each deposit account held by such depositor at different eligible institutions. Specific circumstances vary and need to be considered in delivering legal services. Please connect with your Dentons lawyer for guidance or one of our key contacts listed. Answers to some of the key questions clients have asked us so far can be found below. Our cross-disciplinary team of legal, crisis communications, public policy and cybersecurity practitioners stands ready to help clients in the financial sector and those in other industries facing the broader economic implications. With experience advising clients in every major financial crisis in the last 25 years, Dentons is uniquely positioned to help clients navigate new strategic risks that have emerged from the collapse of Silicon Valley Bank and Signature Bank as well as the volatility surrounding other regional and global banking institutions.
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