FDIC insurance is not there for you if someone takes money out of your account without your permission. It's there in case of Bank failure/collapse. Relevant:

FDIC insurance is not there for you if someone takes money out of your account without your permission. It's there in case of Bank failure/collapse. Relevant: http://www.fdic.gov/deposit/deposits/insured/basics.html http://www.fdic.gov/deposit/deposits/insured/basics.html