How FDIC Insurance Protects Your Money at Chase Bank

Chase Bank deposits are covered by FDIC insurance up to $250,000 per depositor, per account category, at each bank

Yes, Chase Bank is an FDIC-insured institution. The Federal Deposit Insurance Corporation insures deposits you hold at Chase the same way it insures deposits at any other member bank. If Chase were to fail, the FDIC would pay you back up to the insurance limit for each account you hold there.

The key word is "limit." FDIC insurance does not cover every dollar you deposit. It covers up to $250,000 per depositor, per account category, per bank. If you have $300,000 in a Chase savings account, the FDIC covers $250,000 and you lose the remaining $50,000 if the bank fails. If you have $250,000 in a Chase savings account and $250,000 in a Chase money market account, both are fully covered because they are different account categories.

Chase is a member of the FDIC because it is a federally chartered bank. You do not need to do anything to set up this coverage — it is automatic. The FDIC does not require you to register your account or pay a fee.

Key Takeaways

• Chase Bank deposits are automatically covered by FDIC insurance up to $250,000 per account category per depositor.
• Different account types at Chase — such as savings, checking, and money market accounts — are insured separately, so you can have $250,000 covered in each.
• Joint accounts at Chase receive $250,000 of coverage per owner, meaning a joint account with two owners can be covered up to $500,000 total.
• FDIC coverage does not extend to investments like stocks, bonds, or mutual funds held through Chase brokerage services.

How FDIC coverage works across different Chase account types

The FDIC insures different account categories separately. This means you can hold multiple Chase accounts and each one gets its own $250,000 coverage limit. A Chase savings account, a Chase checking account, and a Chase money market account are three separate categories, so if you have $250,000 in each, all three are fully covered.

Retirement accounts at Chase — such as Chase IRAs — are also a separate category. A Chase Traditional IRA and a Chase Roth IRA held by the same person are treated as one category combined, so $250,000 covers both together, not each separately. A Chase SEP IRA is its own category with its own $250,000 limit.

Trust accounts at Chase receive their own coverage. If you hold a revocable living trust at Chase, the FDIC covers up to $250,000 for the trust itself, separate from any personal accounts you hold at Chase.

Joint accounts and FDIC coverage at Chase

A joint account at Chase is insured differently than a single-owner account. The FDIC covers joint accounts up to $250,000 per owner, not per account. If you and another person own a joint Chase savings account with $500,000 in it, the FDIC covers $250,000 for you and $250,000 for the other owner, protecting the full balance.

This coverage applies even if one owner contributed all the money. The FDIC's rule is based on ownership, not contribution. If three people own a joint Chase account together, the account is covered up to $250,000 per person, meaning up to $750,000 total could be covered in that single account.

What Chase accounts and products are not covered by FDIC insurance

FDIC insurance covers deposits — money you place in savings accounts, checking accounts, money market accounts, and CDs at Chase. It does not cover investments. If you buy stocks, bonds, mutual funds, or exchange-traded funds through Chase, those holdings are not FDIC-insured.

Chase brokerage accounts fall under a different protection system called SIPC (Securities Investor Protection Corporation), which covers up to $500,000 per account if the brokerage fails, but only for the value of securities held, not cash. Safe deposit boxes at Chase are also not FDIC-insured; the contents are your responsibility to insure separately if you want coverage.

Cryptocurrency held through Chase is not FDIC-insured. Loan products, credit card balances, and investment advisory accounts also fall outside FDIC coverage.

FDIC coverage limits if you hold accounts at multiple banks

FDIC insurance is per bank, not across all banks you use. If you have $250,000 at Chase and $250,000 at Bank of America, both are fully covered because they are at different banks. The FDIC tracks coverage by the bank where you hold the account, not by how many banks you use.

This distinction matters if you are spreading money across multiple institutions to stay within coverage limits. You can hold $250,000 at Chase, $250,000 at Wells Fargo, and $250,000 at a credit union, and all three amounts are separately insured. You cannot hold $500,000 at Chase and expect the FDIC to cover it all just because you split it between two Chase accounts in different categories — the limit is still $250,000 per category.

How to check your FDIC coverage at Chase

The FDIC provides an online tool called the FDIC Coverage Calculator where you enter information about your Chase accounts and it shows you how much is covered. You can access it on the FDIC website without logging into Chase or providing any sensitive information.

To use the calculator, you list each account you hold at Chase, the account type (savings, checking, IRA, joint, trust, and so on), and the balance. The tool then displays your coverage for each account and your total coverage across all Chase accounts. This is a free resource and does not require registration.

Chase itself also provides FDIC coverage information in your account statements and through your online banking portal, though the FDIC's own calculator is the authoritative source.

What happens to your Chase deposits if the bank fails

If Chase were to fail, the FDIC would step in and either arrange for another bank to take over Chase's deposits or pay you directly from the FDIC insurance fund. In most cases, the FDIC finds another bank to assume the deposits, and you would straightforward wake up to find your account transferred to the new bank with no action required on your part.

If the FDIC pays you directly instead, it typically does so within a few business days. You would receive a check or electronic transfer for the amount covered by insurance. Any balance above the $250,000 limit per category would be handled separately, usually through the bank's receivership process, and you might recover some or all of it depending on how the bank's assets are distributed.

In the history of FDIC insurance since 1933, no depositor has lost a single dollar of FDIC-covered deposits, even when banks have failed.

Frequently Asked Questions

Does FDIC insurance cover my Chase credit card balance?

No. FDIC insurance covers deposits in accounts at Chase, not money you owe on a credit card. Your credit card balance is a debt, not a deposit. If Chase fails, your credit card debt would be handled through the bank's receivership process, separate from deposit insurance.

If I have $300,000 in a Chase savings account, how much is covered?

The FDIC covers $250,000 of the $300,000. The remaining $50,000 is not covered by FDIC insurance. If you want all $300,000 covered, you could move $50,000 to a different account category at Chase (such as a money market account) or to a different bank.

Are my Chase CDs covered by FDIC insurance?

Yes. Chase CDs are deposits and are covered by FDIC insurance up to $250,000 per CD category. If you hold multiple CDs at Chase, they are combined into one coverage limit of $250,000 total across all CDs, not $250,000 per CD.

Does FDIC insurance cover my Chase savings account if I'm not a U.S. citizen?

Yes. FDIC insurance covers deposits based on the account and ownership structure, not citizenship status. As long as you hold a deposit account at Chase, it is covered up to the standard limits regardless of your citizenship or immigration status.

What if I have a Chase account in a different country?

FDIC insurance covers Chase deposits held in the United States only. If you hold an account at a Chase branch outside the U.S., that account is not covered by FDIC insurance. Check with the local banking regulator in that country to understand what deposit protection may explore.