Is $100,000 dollars the amount of money a person can have in each bank account or all together?

Answer 1

Each deposit account. So if you have one account at WAMU and another at Chase you will have 200,000 insured. However, you can have any amount in a single account. You can have 1,000,000 if you want in one, but it will only be insured for 100,000 if the bank fails.

Answer 2

It is $100,000 per bank for a single person. You can get around it by putting money in more than one bank. If you have joint accounts with multiple people at one bank it gets complicated. A married couple could potentially be covered by $600,000 at one bank. See the link.

Answer 3

It's the FDIC insured amount you can have in any single bank. This amount can be increased however. You can have $100,000 in an account in your name, another $100,000 in a joint account with someone, and another $100,000 in an IRA (the retirement account amount is often higher than $100,000), and it would all be insured.

Answer 4

I believe you are referring to what amount is insured by FDIC insurance for bank deposits.

The totals are usually $100,000 per depositor (i.e. - the total of all your accounts at that bank). Totals are sometimes higher (up to $250,000) for some retirement accounts.

Call your bank to make sure.

Answer 5

Per account for insurance through the FDIC

I worked at a bank for 7 years.

Answer 6

It's $100k PER BANK, not account, to be FDIC insured. Pretty scary, huh? Just spread it out some - most folks - even really, really rich usually don't have hundreds of thousands sitting around in bank accounts anyway - they would put it in a better investment.

Answer 7

If you are asking about the amount that's FDIC insured, it's all together in all accounts for the same person in the same bank.

Answer 8

I work at a bank, the FDIC will insure your money to $100,00.00 how ever you can have numerous accounts in one bank and still be covered. Example;
Your acct Joe Blow 100,000.00
Acct 2 Joe Blow and Jane Blow 100,000.00
Acct 3 Joe Blow POD (Paid on Death) to Jane Blow 100,000.00
Acct 4 Joe Blow POD under your kids names
so on and so forth...
It is the same on CD's aswell

Answer 9

i'm a banker with a well-known US economic company, whether via fact of my settlement settlement i'm no longer actual allowed to demonstrate which economic company that's I paintings for. the respond on your question is easy. sort of. No economic company supervisor will ever deny somebody the possibility to deposit money into the economic company. by way of regulation whether, banks are required to end what are general as Suspicious pastime comments (SAR's). actual those comments are filled out for any money deposit better than $10,000. those comments are in my opinion examined by way of officers and as long as you do not have something to conceal you're able to be fantastic. once you do pass to open an account, be helpful to talk with the dep. supervisor to describe the region with them as they may be waiting to checklist the region on the SAR.

Answer 10

You can always have more, but if a bank fails, the FDIC only guarantees 100,000 of your funds in that bank.