SESKStuff Everyone Should Know
SESK: Stuff Everyone Should Know · sesk.info/fdic-categories

Can one person be insured for more than $250,000 at one bank?

Yes, if the money is in different ownership categories.

  1. No, $250,000 is a hard cap
  2. Yes, different ownership categories count separately ✔
  3. Only if you split it between two banks

Why: FDIC says different ownership categories are insured separately, up to at least $250,000 each, even at the same bank. A single account alone does not get extra coverage.

Huh, didn't know that: A trust with more than one beneficiary can be insured for more than $250,000.

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Sources

  1. FDIC: Deposit Insurance FAQs https://www.fdic.gov/resources/deposit-insurance/faq

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