Know if your deposits are 100% FDIC-insured.

In uncertain times such as these it is natural for you to have questions about your money and to seek reassurance that your money is safe. We at Wells Fargo want to make sure that you have access to the tools and resources you need to understand how FDIC insurance works.

  • Wells Fargo Bank, N.A. is a member of the Federal Deposit Insurance Corporation (FDIC).

  • The Federal Deposit Insurance Corporation (FDIC) was created in 1933 to provide insurance protection for depositors of failed banks and to help maintain sound conditions in the nation's banking system.

  • The FDIC is an independent agency of the U.S. Government. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC.

  • The FDIC has launched a tool at that is designed to help consumers learn about what the benefits and limitations of deposit insurance mean for you.1

What is insured by the FDIC?

  • All types of deposits held at Wells Fargo Bank are covered by FDIC insurance including:
    • Checking Accounts
    • NOW Accounts
    • Savings Accounts
    • Money Market Savings Accounts
    • Time Accounts (CDs)
    • Deposit products (such as CDs and Savings Accounts) held in IRAs and other retirement accounts
    • Outstanding Cashier's Checks, Money Orders, Loan Disbursement Checks, Interest Checks and Drafts issued by Wells Fargo

What amount of insurance coverage do I have for my accounts?

The FDIC Standard Maximum Deposit Insurance Amount (SMDIA) for deposits has been permanently increased to $250,000 per depositor per insured financial institution. The following special rules apply to non-interesting bearing transaction accounts:


By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit

Coverage Over Basic Insurance

The FDIC provides separate insurance coverage for deposit accounts held in different categories of ownership. It is possible to qualify for more than the current $250,000 in coverage at one insured bank if you own deposit accounts in different ownership categories. The ownership categories are (1) single, (2) joint, (3) revocable trust (informal revocable trusts such as Payable-on-death accounts and formal revocable trusts such as living/family trusts created for estate planning purposes), (4) irrevocable trusts, (5) certain retirement plans, (6) employee benefit plans, (7) business (corporation, partnership, unincorporated associations), and (8) government.

Coverage During the Wells Fargo/Wachovia Merger

On March 20, 2010, Wachovia Bank, N.A. and Wachovia Bank of Delaware, N.A. were merged into Wells Fargo Bank, N.A. The deposit accounts you had at either or both Wachovia bank charters will continue to be separately insured until September 20, 2010 – and longer in the case of some Time Accounts (CDs). This six-month grace period allows you time to restructure your accounts so you can maximize your deposit insurance coverage.

Time Accounts (Certificates of Deposit) at Wachovia Bank and/or Wachovia Bank of Delaware with maturity dates after September 20, 2010, will continue to receive separate insurance coverage until the first maturity date after September 20, 2010. Time Accounts that mature after March 20, 2010 and before September 20, 2010, and are renewed for the same dollar amount and term (with or without interest) will continue to be separately insured until the first maturity date after September 20, 2010. Time Accounts that mature after March 20, 2010, and before September 20, 2010, and are renewed on any other basis (different term or for a different amount) or are not renewed will only be separately insured through September 20, 2010.

What is not insured by the FDIC?

  • Wells Fargo also offers a range of investment accounts that do not qualify as deposits and are therefore not covered by FDIC insurance. Examples of non-deposit investment products that are not covered by FDIC deposit insurance include:
    • Investments in mutual funds
    • U.S. Treasury bills, notes, and bonds purchased through an insured institution
    • Annuities
    • Stocks, bonds, or other securities
    • Contents of a Safe Deposit Box

Where can I go if I still have questions?

  • You can call FDIC toll-free at 1-877-ASK-FDIC (877-275-3342) from 8:00 am until 8:00 pm (Eastern Time) or contact them online at
  • You can also call Wells Fargo directly at 1-800-869-3557, 24 hours a day, or visit one of our many convenient branches.

1 The information and content provided on this non-Wells Fargo website is for informational purposes only. Such information is provided as a convenience to you, and Wells Fargo makes no warranties or representations as to its accuracy and bears no liability for your use of this information. Wells Fargo does not endorse and is not responsible for the content, links, privacy policy, or security policy of this non-Wells Fargo website link. The information made available to you is not intended, and should not be construed as legal, tax, or investment advice, or a legal opinion. You should contact your legal, tax and/or financial advisors to help answer questions about your specific situation or needs prior to taking any action based upon this information.