Shared bank coverage
Coverage calculator
FDIC insurance covers up to $250,000 per depositor, per insured bank, per ownership category, such as single or joint accounts. NCUA share insurance follows the same pattern, using each member and insured credit union. Apps that are not banks may hold customer money at one or more partner banks. When two apps use the same partner bank, balances in the same ownership category are added against one $250,000 limit. This calculator identifies shared partner banks, but it cannot see balances or calculate how many dollars are covered.
This calculator identifies potential overlap between apps that list the same partner banks. Those relationships do not show which bank holds a particular customer’s balance or establish an equal split between banks. Accounts held directly at those banks and how accounts are owned also affect coverage. The calculator cannot determine insured dollars or complete personal coverage.
Results
Apps selected: 0; Shared partner banks: 0
- Recorded partner banks
- 0
- Shared partner banks
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Select apps to see their recorded partner banks and any banks shared by the selected apps.
Apps and their disclosuresSources
- Source
- Public app disclosures