What if my total deposits at the assigned bank exceed FDIC insurance coverage limits?
If you exceed the FDIC coverage limits at the bank assigned to hold your deposits, contact us at 1-800-931-9987 to discuss changing to another eligible bank, if available. Remember, the FDIC limit applies to all accounts you hold at a bank, so be sure that you consider balances in other accounts you have directly with the bank.
Related Questions
- I have deposits at both First Republic Bank and Merrill Lynch Bank & Trust Co., FSB? Does my FDIC insurance coverage change?
- Can insurance coverage be increased by dividing my deposits into several different accounts at the same insured bank?
- What if my total deposits at the assigned bank exceed FDIC insurance coverage limits?
