How Bank Depositors Funds Are Protected? The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects the funds depositors place in banks and savings associations. FDIC insurance is backed by the full faith and credit of the United States government. What happens to a depositors money if the
What Does FDIC Stand For In Banking? What does FDIC stand for in banking? About. The Federal Deposit Insurance Corporation (FDIC) is an independent agency created by the Congress to maintain stability and public confidence in the nation’s financial system. How does the FDIC protect your money? What is the FDIC? The FDIC—short for the
What Federal Agency Insures Bank Deposits? What federal agency insures bank deposits? Federal Deposit Insurance Corporation (FDIC What does the FDIC insurance cover? The standard deposit insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. The FDIC insures deposits that a person holds in one insured bank separately from any