What does the FDIC insure?

FDIC insurance covers traditional deposit accounts (checking, savings, money market deposit accounts and CDs) and depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution.

Where can I get more information about FDIC insurance?

We welcome the opportunity to speak to you about the safety provided by FDIC insurance. See your banker for details; contact the FDIC toll-free at (877) ASK-FDIC (877-275-3342); or visit EDIE, the Electronic Deposit Insurance Estimator, for the most recent information.

What is the basic insurance limit?

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Deposits in all certain retirement accounts owned by the same depositor and held at the same insured financial institution are added together and the total is insured for up to $250,000.

How do I file a complaint with the FDIC?

First Republic Bank is regulated by the FDIC. If you have a concern or complaint about the Bank, you can report it by going to www.fdic.gov and completing the Customer Assistance Online Form. You can also call the FDIC Call Center at (877) ASK-FDIC (877-275-3342), 5:00 a.m.–5:00 p.m. PT, Monday–Friday, and 6:00 a.m.–2:00 p.m. PT, Saturday–Sunday. For the hearing impaired, call toll-free (800) 925-4618 / local (VA) (703) 562-2289.

I have accounts in multiple categories at a financial institution. The combined value of the accounts exceeds the basic insurance amount of $250,000. Are all of my funds insured?

For customers with accounts in multiple ownership categories at a single financial institution, FDIC coverage is based on the titling and category of accounts, not the number of accounts. Categories of ownership include single or individual, joint, revocable and irrevocable trust, business, certain retirement accounts and others. For example, a customer who owns a checking account and a CD titled in his or her own name as a single owner will receive a total of $250,000 of combined coverage for both accounts. But if that same customer also has a joint account (which is a separate category from individual accounts), he or she could receive an additional $250,000 deposit insurance for the funds held in the joint account.

FDIC
Information

Optimizing your FDIC insurance coverage at First Republic Bank

What does FDIC insurance cover?

I have more than $250,000 in my deposit accounts at First Republic Bank. How can I ensure those funds are insured up to the applicable limits per account ownership category?

Where can I go for more information on FDIC insurance?

First Republic Bank is a member of the Federal Deposit Insurance Corporation (FDIC), an independent agency of the U.S. government that protects bank depositors against the loss of their insured deposits.

The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

First Republic Bank clients can qualify for FDIC insurance coverage over $250,000 (up to FDIC-applicable limits) for their deposit accounts if they combine different account ownership categories to optimize coverage.

FDIC insurance covers traditional deposit accounts (checking, savings, money market deposit accounts and certificates of deposit [CDs]). Coverage is automatic for First Republic Bank deposit clients.

Please note that investment products (stocks, bonds, mutual funds, annuities, life insurance policies, etc.) are not covered by the FDIC. These products are not FDIC insured, not Bank guaranteed and may lose value.

If your First Republic Bank deposit account balances exceed the standard insurance amount ($250,000 per depositor, per insured bank, for each ownership category), consider a combination of different account ownership categories. The most common account ownership categories are single accounts, joint accounts and revocable trusts.

The following are potential examples to optimize your coverage:

¹Each owner is insured up to $250,000.
² Client A with Client B as the beneficiary.
³ Client B with Client A as the beneficiary.
⁴ Client A and Client B with children as the beneficiaries: $250,000 for each child from each parent.
*Payable-on-death (“POD”) or in-trust-for (“ITF”) - on informal revocable trust accounts, one or more named beneficiaries may be assigned to the account. The permissible beneficiaries include a natural person and a valid charity or non profit under the IRS rules.

For more information or to discuss options for optimizing your FDIC insurance coverage, please contact your banker.

You may also visit EDIE, the FDIC’s Electronic Deposit Insurance Estimator, to calculate your current coverage. For general deposit insurance questions, please visit the FDIC’s website or call (877) ASK-FDIC (877-275-3342).

Optimizing Your FDIC Insurance Coverage at First Republic Bank

The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

What does FDIC insurance cover?

I have more than $250,000 in my deposit accounts at First Republic Bank. How can I ensure those funds are insured up to the applicable limits per account ownership category?

¹Each owner is insured up to $250,000.
² Client A with Client B as the beneficiary.
³ Client B with Client A as the beneficiary.
⁴ Client A and Client B with children as the beneficiaries: $250,000 for each child from each parent.
**Payable-on-death (“POD”) or in-trust-for (“ITF”) - on informal revocable trust accounts, one or more named beneficiaries may be assigned to the account. The permissible beneficiaries include a natural person and a valid charity or non profit under the IRS rules.

Where can I go for more information on FDIC insurance?

Optimizing Your FDIC Insurance Coverage at First Republic Bank

The standard FDIC insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

What does FDIC insurance cover?

I have more than $250,000 in my deposit accounts at First Republic Bank. How can I ensure those funds are insured up to the applicable limits per account ownership category?

Where can I go for more information on FDIC insurance?

This FDIC information is based on the FDIC’s deposit insurance rules and regulations and is intended to assist in determining FDIC deposit insurance coverage for deposits held at First Republic Bank.

This FDIC information is not intended to provide legal, financial or estate planning advice, nor is it intended to provide guidance for the creation of revocable or irrevocable trust agreements. Specifically for trusts, there may be state specific regulatory or statutory provisions that could result in different FDIC insurance coverage. In addition, the modification of a trust agreement at some future date or the death of an owner or beneficiary may affect the calculation of coverage for a particular trust. Clients should consult their own tax, legal and financial advisors. For additional assistance from an FDIC deposit insurance subject matter expert, please visit fdic.gov/deposit or call the FDIC directly at (877) 275-3342.