Verify government insurance

To verify a bank’s insurance status, look for the familiar FDIC logo or the words "Member FDIC" or "FDIC Insured" on the Web site.  For credit unions look for "NCUA" or "National Credit Union Association".

Also, you should check the FDIC’s or NCUA's online database of insured institutions.

Some Web sites provide links directly to the NCUA's or FDIC’s Web site to assist you in identifying or verifying the insurance protection of their deposits.

Also remember that not all financial institution operating on the Internet are insured by the FDIC or NCUA. Many financial institution that are not insured are chartered overseas. If you choose to use a financial institution chartered overseas, it is important for you to know that the FDIC or NCUA may not insure your deposits. Check with your financial institution or the NCUA or FDIC if you are not certain.

For insurance purposes, be aware that a financial institution may use different names for its online and traditional services; this does not mean you are dealing with separate financial institutions.

This means, for example, that to determine your maximum FDIC or NCUA insurance coverage, your deposits at the parent bank will be added together with those at the separately named financial institution Web site and will be insured for up to the maximum amount covered for one financial institution. Talk to your banker or member service rep if you have questions.
 

Know where to get more information about insurance.

Don't worry about your deposit insurance coverage if you or your family have less than $100,000 in all your accounts combined at the same insured bank. But if your accounts total $100,000 or more, find out if they're within the insurance limit. Contact your credit union or bank for more information.

It’s important to note that only deposits offered by FDIC or NCUA insured institutions are protected by the those governing bodies. Nondeposit investment and insurance products, such as mutual funds, stocks, annuities and life insurance policies that may be sold through Web sites or at the bank itself, are not FDIC or NCUA insured, are not guaranteed by the bank or credit union, and may lose value.