Community Bank Online - Federal Deposit Insurance Corporation (FDIC) Insurance Coverage - Comerica Bank can be a Member FDIC. Therefore, the FDIC insures all deposits at Comerica Bank.
Comerica Federal Deposit Insurance Corporation (FDIC) # Depositor Types: FDIC coverage is available to all depositors, including consumers, businesses, and government entities.
Comerica Federal Deposit Insurance Corporation (FDIC) # Deposit Types: FDIC insurance covers various deposits received within an insured bank, including deposits inside a bank account, Negotiable Order of Withdrawal (NOW) account (a/k/a interest-bearing checking account), piggy bank, Money Market Investment Account (MMIA) or time deposit like a certificate of deposit (CD).
Cashiers' checks, officers' checks, expense checks, loan disbursement checks, interest checks, outstanding drafts, negotiable instruments and your money orders utilized Comerica Bank are also considered deposits, and are addressed by FDIC. Collectively, these kind of instruments are referred to as "official checks."
Comerica Federal Deposit Insurance Corporation (FDIC) # Depositor Types: FDIC coverage is available to all depositors, including consumers, businesses, and government entities.
Comerica Federal Deposit Insurance Corporation (FDIC) # Deposit Types: FDIC insurance covers various deposits received within an insured bank, including deposits inside a bank account, Negotiable Order of Withdrawal (NOW) account (a/k/a interest-bearing checking account), piggy bank, Money Market Investment Account (MMIA) or time deposit like a certificate of deposit (CD).
Cashiers' checks, officers' checks, expense checks, loan disbursement checks, interest checks, outstanding drafts, negotiable instruments and your money orders utilized Comerica Bank are also considered deposits, and are addressed by FDIC. Collectively, these kind of instruments are referred to as "official checks."
Comerica Federal Deposit Insurance Corporation (FDIC) # Standard Coverage Limit: The standard FDIC insurance plan amount is $250,000 per depositor, per insured bank, for every ownership category.
The actual basic FDIC ownership categories in addition to their aggregate coverage limits are as follows1:
The FDIC insurance plan limit applies per depositor, per insured depository institution for every account ownership category. Your chance above shows only the most frequent ownership categories that connect with individual and family deposits, and assumes that every FDIC requirements are met
- Single Accounts (properties of one person): $250,000 per owner
- Joint Accounts (2 or more persons): $250,000 per co-owner
- IRAs and certain other retirement accounts: $250,000 per owner
- Trust Accounts: $250,000 per owner per beneficiary
The Dodd-Frank Wall Street Reform and Consumer Protection Act: Because of the enactment in the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, FDIC current standard maximum deposit insurance amount (SMDIA) limits were permanently increased from $100,000 to $250,000 per depositor.
Comerica Federal Deposit Insurance Corporation (FDIC) # Important Info About Deposit Insurance Policy: Sterling Bank, Bank of the Hills and Comerica Bank are similar FDIC-insured institution. Deposits held under Comerica Bank or even the trade names Sterling Bank or Bank from the Hills usually are not separately insured but you are combined to determine whether a depositor has exceeded basic federal deposit insurance limits.
Comerica Federal Deposit Insurance Corporation (FDIC) # Additional Resources: For specific more knowledge about FDIC ownership categories, or compute your actual insurance plan amount, it's also possible to make use of these FDIC resources:
- FDIC Insurance Ownership Categories: http://www.fdic.gov/deposit/deposits/insured/ownership.html
- FDIC's Electronic Deposit Insurance Estimator (EDIE): https://www.fdic.gov/edie/index.html
- Call the FDIC Toll-Free at: 877.ASK.FDIC (877.275.3342)
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First Deposit insurance is a system established to protect depositors against the loss of their insured first deposits placed with scheme members in the event the depositors making loss in trades.
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