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Is My Money Actually Covered? FDIC Coverage Calculator

Add every account you hold — by bank and ownership category — and see exactly what FDIC insurance actually covers, what is exposed, and the specific move that closes the gap.

SWReviewed by SwitchWize Research Desk · Last reviewed October 4, 2026

Your accounts

Account 1
Account 2
Coverage gap found
$70,000
$650,000 insured of $720,000 total

Coverage by account

My Primary Bank — Single (individual)
$320,000 balance · $250,000 covered
$70,000 exposed
My Primary Bank — Joint
$400,000 balance · $500,000 covered
Covered

What would close the gap

  • My Primary Bank (Single (individual)): Move $70,000 to an account at a different FDIC-insured bank. Single (individual) accounts don't have a within-bank lever to add coverage the way joint or trust accounts do.

This is a simplified screening estimate based on FDIC's standard consumer-facing ownership-category rules. It is not an FDIC insurance determination. Owner names are optional. When you give them, joint accounts are counted owner by owner under 12 CFR 330.9(b): each person's share of every joint account at one bank is added together and insured up to $250,000, with equal shares assumed, and single and retirement accounts are counted per named owner. When you leave names blank, joint accounts are grouped by number of co-owners instead. It does not test whether a joint account qualifies (signature card, withdrawal rights) and does not model the husband-and-wife community property rule in 330.9(a) or employee benefit plans, government accounts or business accounts with several owners. Revocable trusts are counted by number of beneficiaries per 12 CFR 330.10, up to 5 per grantor per bank (a $1,250,000 maximum), and trust owners are not modeled. Confirm material balances with FDIC's own EDIE tool or a bank officer before moving money.

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Why this matters

The FDIC's $250,000 figure is the number everyone knows and almost nobody applies correctly. It resets per ownership category, not just per bank — a household with a single account, a joint account, and a revocable trust at the same bank can legitimately have well over a million dollars covered at that one bank, or could have a real six-figure gap they don't know about, depending entirely on how the accounts are titled. This tool exists because that distinction is exactly what most people get wrong.

Frequently asked questions

How much does the FDIC actually insure?
The standard FDIC insurance amount is $250,000 per depositor, per insured bank, per ownership category. The key detail most people miss is "per ownership category" — a single account, a joint account, a retirement account, and a revocable trust account at the same bank are each insured separately, not combined into one $250,000 limit.
Does a joint account really get more coverage?
Yes. A joint account is insured up to $250,000 per co-owner, assuming each owner has an equal right to withdraw the full balance. A joint account with two owners is insured to $500,000; three owners to $750,000, and so on — separate from each owner's own single accounts at the same bank.
What about a revocable trust (payable-on-death) account?
A revocable trust account is insured up to $250,000 per unique beneficiary, up to 5 beneficiaries per grantor per bank (12 CFR 330.10(b)(1), in effect since April 1, 2024) — so a trust naming 3 beneficiaries can be insured up to $750,000. The maximum is $1,250,000: naming more than 5 beneficiaries does not add coverage. Use FDIC's own EDIE tool or ask a bank officer to confirm your exact coverage.
Are retirement accounts like IRAs covered separately?
Yes. Certain retirement accounts (including traditional and Roth IRAs) are insured up to $250,000 per owner, per bank — a separate bucket from that same person's individual or joint accounts at the same bank.
What is the fastest way to fix an uninsured amount?
It depends on the ownership category. For single, retirement, or business accounts, the only lever is opening an account at a different FDIC-insured bank — those categories don't scale with more people. For joint or revocable trust accounts, adding a co-owner or naming another unique beneficiary adds $250,000 of coverage per person, without moving the money anywhere.
Is this an official FDIC coverage determination?
No. This is a simplified screening estimate using FDIC's standard consumer-facing rules. It assumes equal ownership shares, counts joint accounts owner by owner only for the names you enter (12 CFR 330.9(b)), can't verify who your actual owners or beneficiaries are, and doesn't model community property or every account type. For a real determination, use FDIC's own EDIE tool (edie.fdic.gov) or ask a bank officer, especially for balances near a coverage limit.

This tool produces a simplified screening estimate, not an official FDIC insurance determination. Actual coverage depends on your specific account titling, beneficiaries, and FDIC's full rules. Confirm material balances with FDIC's own EDIE tool or a bank officer.