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Understanding FDIC Coverage

Deposits in any FDIC-insured bank account are covered up to the FDIC insurance limit. FDIC insurance is backed by the full faith and credit of the United States government.  

All deposit accounts held at Urban Partnership Bank are insured by the FDIC.

The standard insurance amount currently is $250,000 per depositor. You may also qualify for more than $250,000 coverage if you have deposit accounts in different ownership categories, such as joint accounts. For more information on FDIC deposit insurance, please visit

Frequently Asked Questions

What, exactly, is the FDIC?

“FDIC” stands for Federal Deposit Insurance Corporation. The FDIC is an independent agency of the U.S. government that protects you from losing your deposits if an FDIC-insured bank or savings association fails.

How can I tell if a bank is insured by the FDIC?

You can call, toll free, 877.275.3342, or use “Bank Find” at Insured institutions will also display the official FDIC teller sign where deposits are received. Urban Partnership Bank is insured by the FDIC.

What is/is not covered by FDIC insurance?

FDIC insurance protects your deposits in insured banks, including checking, NOW, and savings accounts, money market deposit accounts, IRAs and certificates of deposit. FDIC insurance does not apply to stocks, bonds, mutual funds, life insurance policies, annuities, or municipal securities (even if you purchased them through an insured bank).

Is Urban Partnership Bank’s Money Market Account insured by the FDIC?

Yes. All deposits at Urban Partnership Bank are insured by the FDIC.

To calculate your insurance coverage, use the FDIC’s online Electronic Deposit Insurance Estimator.