2 ms·
> FDIC insurance maxes out at $250,000 That's PER checking account, and if they are joint checking accounts, then the max is $500,000 per account.
by TedDoesntTalk 6y ago
> FDIC insurance maxes out at $250,000
That's PER checking account, and if they are joint checking accounts, then the max is $500,000 per account.
- paxys 6y agoSlight correction – it is for all your accounts at a single institution combined.
- dmoy 6y agoIf we're going to be pedantic, it's per institution per ownership category. So you could have: * individual account * revocable trust account * joint revocable trust account * etc each with a separate $250k limit at the bank (and in the case of the trusts, the limit can be $250k per beneficiary of the trust).