USA HISTORY

Detailed explanation-1: -The standard deposit insurance amount is $250, 000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any deposits that the person owns in another separately chartered insured bank.

Detailed explanation-2: -COVERAGE LIMITS The standard insurance amount is $250, 000 per depositor, per insured bank, for each account ownership category.

Detailed explanation-3: -FDIC insurance helps insure assets in deposit accounts at member banks in the event that the bank fails. This means you can recoup your bank account’s funds through the insurance program if your banking partner can’t pay your money back directly.

Detailed explanation-4: -The Federal Deposit Insurance Corporation has served as an integral part of the nation’s financial system for 50 years. Established by the Banking Act of 1933 at the depth of the most severe banking crisis in the nation’s history, its immediate contribution was the restoration of public confidence in banks.