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Deposit Insurance

The Bancorp Bank is a member of the Federal Deposit Insurance Corporation (FDIC).

The FDIC is a federal agency organized in 1933 that insures each depositor’s accounts to at least $250,000 per insured bank, which includes most commercial banks and savings associations.

Deposits maintained in different categories of legal ownership can be separately insured. Therefore, it is possible to have deposits of more than $250,000* at one insured bank and still be fully insured.

Types of Bank Products that the FDIC insures include:

  • Checking Accounts
  • Money Market Deposit Accounts
  • Savings Accounts
  • Certificates of Deposit (CDs)
  • Deposit Accounts owned by certain types of Trusts


Basic FDIC Deposit Insurance Coverage Limits*

Single Accounts (owned by one person) $250,000 per owner*
Joint Accounts (owned by two or more persons) $250,000 per co-owner*
IRAs and certain other retirement accounts $250,000 per owner
Trust Accounts (including POD Accounts and Living Trusts) $250,000 per owner per beneficiary subject to specific limitations and requirements*


* These deposit insurance coverage limits refer to the total of all deposits that an account holder (or account holders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met.


To understand more about how to maximize deposit insurance coverage, please refer to

To learn more, contact the FDIC toll-free at 1-877-ASK-FDIC (1-877-275-3342) or visit:

Bank deposit products and services are provided by The Bancorp Bank. Member FDIC