what the fdic covers
checking accounts savings accounts cds and money market accounts are generally 100 covered by the fdic coverage extends to individual retirement accounts iras but only the parts that fit the type of accounts listed previously joint accounts revocable and irrevocable trust accounts and employee benefit plans are covered as are corporate partnership and unincorporated association accounts if you have more than 250 000 deposited in an account type with a single bank you may need to spread your assets among multiple banks to ensure you are fully covered by the fdic fdic insurance doesn t cover products such as mutual funds annuities life insurance policies stocks or bonds the contents of safe deposit boxes are also not included in fdic coverage cashier s checks and money orders issued by the failed bank remain fully covered by the fdic eligible business accounts from a corporation partnership llc or unincorporated organization at a bank are also fdic covered filing a claima customer can file a claim with the fdic as early as the day after a bank or thrift folds the request can be submitted online through the fdic website by calling 877 275 3342 1 877 askfdic bank customers can receive personalized assistance at no cost note that the fdic only insures against bank failures instances of fraud theft and similar loss are handled directly by the banking institution the fdic has no jurisdiction over identity theft special considerationswhile banks are covered by the fdic deposits in credit unions are backstopped by the national credit union share insurance fund ncusif the fund is regulated by the national credit union administration ncua and also insures individual accounts up to 250 000 4