19-41 Insured depositors can be covered for more than $250,000 at any given FI under current FDIC regulations.

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Insured depositors are currently covered for up to $250,000 per depositor, per insured bank. However, if a depositor has accounts at multiple banks that are part of the same FDIC-insured institution (such as a bank and its online division), the $250,000 limit may apply to each account separately, allowing for coverage of more than $250,000. Additionally, certain types of accounts, such as IRA accounts, may also have higher coverage limits.

19-41 Insured Depositors Can Be Covered for More Than $250,000