FDIC: Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. Learn about the FDIC’s mission, leadership, history, career opportunities, and more.
Understanding Deposit Insurance | FDIC.gov
Apr 1, 2024 · FDIC deposit insurance protects your money in deposit accounts at FDIC-insured banks in the event of a bank failure. Since the FDIC was founded in 1933, no depositor has lost a penny of FDIC-insured funds.
Are My Deposit Accounts Insured by the FDIC?
FDIC insurance covers traditional deposit accounts, and depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution.
Federal Deposit Insurance Corporation (FDIC) - USAGov
The Federal Deposit Insurance Corporation (FDIC) answers questions about federal deposit insurance coverage, and handles complaints and inquiries about FDIC-insured state banks which are not members of the Federal Reserve System.
What is the FDIC and how does it work? - NPR
Mar 13, 2023 · The FDIC "directly supervises and examines more than 5,000 banks and savings associations" to ensure they're safe and financially sound.
FDIC: Electronic Deposit Insurance Estimator (EDIE)
Apr 1, 2024 · You can also call the FDIC at 1-877-275-3342 or 1-877-ASK-FDIC. EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for ...
Federal Deposit Insurance Corporation (FDIC) - Britannica Money
2 days ago · The Federal Deposit Insurance Corporation (FDIC) is a U.S. government agency created under the Banking Act of 1933 (also known as the Glass-Steagall Act) whose primary role is to insure and protect bank depositors’ funds against loss in the event of a bank failure.
Federal Deposit Insurance Corp. (FDIC): Definition & Limits
Mar 14, 2023 · The Federal Deposit Insurance Corp. (FDIC) is an independent federal agency that provides insurance to U.S. banks and thrifts.
What is the FDIC, and how does it work? - Yahoo Finance
May 20, 2024 · The FDIC is an independent government agency that insures money people deposit at a bank. If the bank fails, the FDIC repays up to $250,000 per person, per ownership category at each...
Understanding the FDIC: Protector of Your Bank Deposits - Business Insider
Jul 23, 2024 · Learn what the FDIC is, how it protects your bank deposits, and why it's important for U.S. banks. We also cover what you need to know about the FDIC.