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FDIC

FDIC Insurance Coverage Up To $2,000,000* Or More

Deposits at each of the affiliate banks within Fulton Financial Corporation are separately insured. By opening accounts at more than one affiliate bank, your deposits can be insured up to $2,000,000* or more. We can discuss your account coverage at any of our offices!

Here are some things you should know about the safety and soundness of Fulton Financial Corporation’s affiliate banks:

  • We are regularly and thoroughly examined by state and/or federal regulators who focus on institutional performance, soundness, risk management and capital adequacy. All of the banks within Fulton Financial Corporation meet the regulators’ definition of being “well-capitalized”.
  • Deposits in each of our banks are insured by the FDIC for up to $250,000 per depositor per insured bank. That means you could have up to $2,000,000* insured at our eight affiliate banks. Additionally, IRAs are separately insured for an additional $250,000 per depositor per insured bank.
  • We believe that Fulton Financial Corporation and its eight affiliate banks have been conservatively managed. Over the years our affiliate banks have withstood the peaks and valleys of the nation’s economy, and some were established more than a century ago.
  • We are able to accommodate our customers seeking to spread their deposit balance to qualify for additional FDIC insurance by opening additional certificates of deposit for them within our family of affiliate banks.
*This amount of insurance coverage assumes the new $250,000 FDIC Insurance Coverage per account and is based on a single account owned by one person at each of our eight separately chartered affiliate banks. On October 3, 2008, FDIC deposit insurance was temporarily increased from $100,000 to $250,000 per depositor through December 31, 2009. In May 2009, this increased insurance level of $250,000 per depositor was extended through December 31, 2013. Your coverage amount may be different or greater depending on how specific accounts are titled at each affiliate bank.

FDIC Insurance: Non-Interest & Interest Bearing Accounts

Our institution is participating in the FDIC’s Transaction Account Guarantee Program.

  • NON-INTEREST BEARING ACCOUNTS
    • Under the Transaction Account Guarantee Program, through December 31, 2009, all non-interest bearing transaction accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to, and separate from, the coverage available under the FDIC’s general deposit insurance rules.
    • Our institution has committed to participate in the program until terminated by the FDIC. Full coverage will continue on non-interest bearing accounts at least up until December 31, 2009

  • INTEREST BEARING ACCOUNTS
    • Certain negotiable order of withdrawal accounts (NOW accounts) with interest rates no higher than 0.50 percent also qualify for full coverage under the program. If you have one of these accounts, please ask for details.
    • Accounts commonly known as Interest on Lawyers Trust Accounts (IOLTA) have been added to the program and are fully guaranteed.
    • Customers continue to receive up to the $250,000 coverage on their interest bearing balances held on deposit at our institution until December 31, 2013.
    • Should the balance in your interest bearing account exceed $250,000, we can assist you in maximizing the FDIC coverage in one of three ways:
      • We can review your relationship with us and provide suggestions on how to title your account(s) such that each account is insured to the FDIC maximum.
      • We can open additional interest bearing accounts and transfer some of your balance(s) to these additional accounts.
      • Because we have multiple insured banks within our company and FDIC coverage is based on bank charters, we can help you move some of your balance to any one of our other affiliate banks for coverage up to $2,000,000 (assuming one account at each of our eight affiliate banks).
  • Reminder: IRA’s are separately insured for an additional $250,000.

Calculate Your FDIC Insurance Coverage

CLICK HERE to calculate your FDIC coverage using Electronic Deposit Insurance Estimator or EDIE ( note: this will take you to the FDIC website). The FDIC's EDIE is an interactive application that can help you learn about deposit insurance. It allows you to calculate the insurance coverage of your accounts at each FDIC-insured institution.

FDIC Insurance Informational Video

CLICK HERE for a 6 minute informational video about FDIC insurance. (please note:the video may take several minutes to load depending on the speed of your computer and internet connection.)