FDIC Insurance

What is FDIC Insurance?

What exactly does it cover?

Know if your deposits are 100% FDIC-insured.

You may have questions about your money and how it is insured by the FDIC (Federal Deposit Insurance Corporation). We at Wells Fargo want to make sure that you have access to the tools and resources you need to understand how FDIC insurance works.

  • Wells Fargo Bank, N.A. is a member of the FDIC.
  • The FDIC was created in 1933 to provide insurance protection for depositors of failed banks and to help maintain sound conditions in the nation's banking system.
  • The FDIC is an independent agency of the U.S. Government. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC.
  • The FDIC has launched a tool at http://edie.fdic.gov that is designed to help consumers calculate their insurance coverage and learn about what the rules and limitations of deposit insurance mean for you.

What is insured by the FDIC?

All types of deposits held at Wells Fargo Bank are covered by FDIC insurance including the following examples:
  • Checking Accounts
  • Savings Accounts
  • Time Accounts (CDs)
  • Deposit products (such as CDs and Savings Accounts) held in IRAs and other retirement accounts
  • Outstanding Cashier's Checks, Money Orders, Loan Disbursement Checks, Interest Checks and Drafts issued by Wells Fargo

What amount of insurance coverage do I have for my accounts?

The FDIC Standard Maximum Deposit Insurance Amount for deposits is $250,000 per depositor, per insured financial institution, for each account ownership category.

Coverage Over Basic Insurance

The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. It is possible to qualify for more than the current $250,000 in coverage at one insured bank if you own deposit accounts in different ownership categories. Examples of different ownership categories include: (1) single, (2) joint, (3) revocable trust (informal revocable trusts such as Payable-on-death accounts and formal revocable trusts such as living/family trusts created for estate planning purposes), (4) irrevocable trusts, (5) certain retirement plans, (6) employee benefit plans, (7) business (corporation, partnership, unincorporated associations), and (8) government.

What is not insured by the FDIC?

Wells Fargo, and it's Bank and non-bank affiliates, also offers a range of products and investment accounts that do not qualify as deposits and are therefore not covered by FDIC insurance. Examples of non-deposit products that are not covered by FDIC deposit insurance include:
  • Investments in mutual funds
  • U.S. Treasury bills, notes, and bonds purchased through an insured institution
  • Annuities
  • Stocks, bonds, or other securities
  • Insurance products
  • Contents of a Safe Deposit Box

Where can I go if I still have questions?

  • You can call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 am until 8:00 pm (Eastern Time), Monday through Friday, or contact them online at www.fdic.gov.
Investment and Insurance Products are:
  • Not Insured by the FDIC or Any Federal Government Agency
  • Not a Deposit or Other Obligation of, or Guaranteed by, the Bank or Any Bank Affiliate
  • Subject to Investment Risks, Including Possible Loss of the Principal Amount Invested

Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company.