Important FDIC Disclosures
Permanent increase in basis coverage to $250,000 per depositor.
The Dodd-Frank Wall Street Reform and Consumer Protection Act signed by President Barack Obama on July 21, 2010, made permanent the current standard maximum deposit insurance amount (SMDIA) of $250,000. The FDIC coverage limit applies per depositor, per insured depository institution, for each account ownership category.
If you have questions about FDIC coverage limits and requirements, visit www.fdic.gov/deposit/deposits or call toll free 1-877-ASK-FDIC or ask a Platinum Bank representative at (651) 332-5200.
The more you know about FDIC deposit insurance coverage, the safer your money.
To ensure funds are fully protected, depositors should understand their coverage limits and confirm that a financial institution is FDIC-insured.
The FDIC sign (shown below) is displayed at every FDIC-insured institution and is a symbol of confidence for depositors.
For more information from the FDIC — calculate insurance coverage
Use the FDIC’s online Electronic Deposit Insurance estimator at: www.fdic.gov/edie
Read more about FDIC insurance online
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Send questions by email
Use the FDIC’s online Customer Assistance Form at: https://www.fdic.gov/quicklinks/consumers.html
Federal Deposit Insurance Corporation
Attn: Deposit Insurance Outreach
550 17th Street, NW
Washington, DC 20429