Is Venture Bank Direct FDIC insured?
Yes, to the maximum allowed by law. Venture Bank Direct is the online branch of Venture Bank and your deposits at Venture Bank Direct are FDIC insured up to $250,000 per depositor. Keep in mind that individual and joint accounts are insured separately, so if you have both types of accounts with us, your total deposits can be insured up to $500,000; that’s up to $250,000 in all your individual accounts and up to an additional $250,000 in your joint accounts. Plus, you may even be able to extend your FDIC Insurance coverage at Venture Bank Direct if you establish deposit accounts in different ownership categories. View our handy chart to learn more. For general information about the FDIC, visit their Web site, www.fdic.gov. (Venture Bank and Venture Bank Direct are considered one financial institution, please estimate your coverage accordingly if you have Venture Bank and Venture Bank Direct accounts.
