FDIC Insurance

Discussion in 'Economics' started by SWhiting, Jul 16, 2008.

  1. Maybe somebody can answer a couple questions regarding FDIC insurance on bank accounts.

    1. Are bank accounts held by an LLC or S Corp insured in the same manner as personal accounts?

    2. If you open multiple accounts (personal) in the same bank and put $100K in each account: are you protected for 100K total or the total in each account?

    Thanks in advance.
  2. Check on this at www.fdic.gov. I think the answer is 1) yes and 2) no. They add together all of the accounts registered in the same name for purposes of the $100k limit.
  3. Thanks for the links, ETer's.