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New FDIC Insurance Limits

FDIC Insurance Limit Permanently Increased to $250,000

On July 21, 2010, President Barack Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, which, in part, permanently raised the standard maximum deposit insurance amount to $250,000.  The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.

Notice of Changes In Temporary FDIC Insurance Coverage For Transaction Accounts

By Federal law, effective January 1, 2013, funds in a non interest-bearing transaction account (including IOLTA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership catagory.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.  It does NOT include other accounts that may earn interest, NOW accounts and money-market deposit accounts. 

For more information about temporary FDIC insurance coverage of transaction accounts, visit   

Contact us at 713-439-3900 if you have any questions.

Click here for the FDIC Insurance rules and estimator.

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