FDIC Information and Support Center (2024)

FAQs

How do I get in touch with FDIC? ›

Questions or problems: Please contact the FDIC Contact Center at 1-877-ASK-FDIC (877-275-3342), per the times listed below.

If there's no bank to acquire the deposits, the FDIC simply issues the depositor a check within a few days. Note that while the FDIC guarantees depositors won't lose any money up to the covered amount, there's no guarantee that if the funds move to a new bank they will earn the same interest rate.

In order for the FDIC to investigate your concerns, you must submit specific details regarding the incident in writing. You can submit your complaint or inquiry online at the FDIC Information and Support Center at https://ask.fdic.gov/fdicinformationandsupportcenter/s/.

Once the formal complaint has been filed:

An acknowledgement of receipt of the formal complaint will be issued; A letter delineating the issue(s) and identifying which claims will be accepted for investigation, or dismissed will be issued.

The FDIC protects the money depositors place in insured banks in the unlikely event of an insured-bank failure. Each depositor is insured to at least $250,000 per insured bank. FDIC deposit insurance covers all types of deposits held at an insured bank.

I think customer might be confused between FDIC member bank (FDIC insured) and Federal Reserve non-member bank (nothing to do with FDIC or with insurance). The FDIC's own advertising regulations specify that an FDIC insured bank can use the phrase "Member FDIC" in ads to indicate that deposits are insured.

To determine your deposit insurance coverage or ask any other specific deposit insurance questions, please visit the FDIC Information and Support Center or call 1-877-ASK-FDIC (1-877-275-3342).

A: To determine if a bank is FDIC-insured, you can ask a bank representative, look for the FDIC sign at your bank, call the FDIC at 877-275-3342, or you can use the FDIC's BankFind tool.

FDIC deposit insurance covers $250,000 per depositor, per FDIC-insured bank, for each account ownership category.

Do beneficiaries add to FDIC? ›

The FDIC adds together all deposits in retirement accounts listed above owned by the same person at the same insured bank and insures the total amount up to a maximum of $250,000. Beneficiaries can be named on these accounts, but that does not increase the amount of the deposit insurance coverage.

In many instances, insured depositors do not have to take any action to receive their reimbursem*nt—once the bank's records are processed, the insurer distributes depositor funds. In other cases, however, insured depositors must file a claim and show proof of ownership or identification before being reimbursed.

A: To determine if a bank is FDIC-insured, you can ask a bank representative, look for the FDIC sign at your bank, call the FDIC at 877-275-3342, or you can use the FDIC's BankFind tool.

A: FDIC deposit insurance protects bank customers in the event that an FDIC-insured depository institution fails. Bank customers don't need to purchase deposit insurance; it is automatic for any deposit account opened at an FDIC-insured bank.

Deposits are paid out “as soon as possible,” with one to three months being the average period from the date of closing to payment. During this period, depositors can request advance payment(s) of their insured deposits.

The regulatory agencies primarily responsible for supervising the internal operations of commercial banks and administering the state and federal banking laws applicable to commercial banks in the United States include the Federal Reserve System, the Office of the Comptroller of the Currency (OCC), the FDIC and the ...