Joint Accounts Archives - Deposit Insurance Corporation

If a person has an interest in more than one joint account, what is the extent of his or her insurance coverage?

All joint accounts owned by the same combination of individuals are first added together and the total is insured up to $125,000. In addition, the person’s insurable interest in each joint account held by different combinations of individuals are added together and the total is insured up to the $125,000 …

If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?

Yes. If each of the co-owners has personally signed a valid account signature card and has a right of withdrawal on the same basis as the other co-owners, the joint account and each of the individually owned accounts are separately insured up to the $125,000 maximum. (The execution of an …

Category Archives: Joint Accounts

If a person has an interest in more than one joint account, what is the extent of his or her insurance coverage?

If two or more persons, for example a husband and wife, have, in addition to the individually owned accounts of each, a valid joint account in the same insured institution, is each account separately insured?

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