Yes, Chase Bank is insured by the FDIC for most deposit accounts

Chase Bank is a member of the Federal Deposit Insurance Corporation (FDIC), which means your deposits are protected up to the standard insurance limit. The FDIC is a federal agency that guarantees deposits at member banks if the bank fails. This protection applies to most checking accounts, savings accounts, and money market accounts you hold at Chase.

The standard FDIC insurance limit is $250,000 per depositor, per bank, per ownership category. This means if you have $250,000 or less in your Chase account, your money is fully protected. If you have more than $250,000 in a single account, the amount over $250,000 is not covered by FDIC insurance.

Key Takeaways

  • Chase Bank deposits are covered by FDIC insurance up to $250,000 per account ownership category.
  • Different account types — such as individual accounts, joint accounts, and retirement accounts — have separate insurance limits, so you can protect more than $250,000 total at Chase.
  • Certain products like brokerage investments, mutual funds, and cryptocurrency held through Chase are not covered by FDIC insurance.
  • FDIC insurance is automatic for all deposit accounts at Chase; you do not need to take any action to receive this protection.

How FDIC coverage works at Chase

FDIC insurance at Chase covers the money you deposit in the bank, not investments or other products. Your checking account, savings account, and money market deposit account are all covered. Certificates of deposit (CDs) are also covered, and each CD is insured separately if held in different ownership categories.

The $250,000 limit applies per ownership category, which means you can have multiple accounts at Chase and each one gets its own $250,000 protection. For example, if you have a personal checking account with $250,000 and a joint savings account with your spouse that also holds $250,000, both accounts are fully covered because they fall into different ownership categories.

What ownership categories get separate FDIC coverage

Chase deposits are insured separately depending on how the account is titled. An individual account in your name alone is one category. A joint account with another person is a separate category. Retirement accounts like IRAs held at Chase are a third category. Trust accounts, accounts held for a minor, and accounts where you are the beneficiary are also separate categories.

This structure means a married couple can protect up to $500,000 at Chase by holding $250,000 in an individual account and $250,000 in a joint account. A person with an IRA at Chase can hold another $250,000 in that IRA and have it covered separately from their personal checking account. The FDIC website has a full list of ownership categories and how they stack.

What Chase products are not covered by FDIC insurance

FDIC insurance only covers deposits. If you buy stocks, bonds, mutual funds, or exchange-traded funds (ETFs) through Chase, those investments are not covered by FDIC insurance. The same applies to cryptocurrency, precious metals, or any other non-deposit product. These investments are protected by other means — for example, brokerage accounts are typically covered by Securities Investor Protection Corporation (SIPC) insurance — but not by the FDIC.

Safe deposit boxes at Chase are also not covered by FDIC insurance. The contents of a safe deposit box — jewelry, documents, or other valuables — are your responsibility to insure separately, usually through homeowners or renters insurance or a specialized policy.

How to verify your Chase account is FDIC insured

You can check whether a specific Chase account is covered by using the FDIC's Electronic Deposit Insurance Estimator (EDIE) tool on the FDIC website. You enter information about your Chase account — the type of account, the balance, and how it is titled — and EDIE calculates your coverage. This tool is free and does not require you to log into your Chase account.

You can also call Chase directly at the number on the back of your debit card and ask whether a specific account is FDIC insured. Chase customer service can confirm the coverage for each account you hold. The FDIC also publishes a list of member banks on its website, and Chase appears on that list.

What happens to your deposits if Chase fails

If Chase were to fail, the FDIC would step in to protect your deposits up to the insurance limit. The FDIC does not pay you directly; instead, it typically arranges for another bank to take over Chase's deposits. In most cases, you would wake up to find your account transferred to the new bank with no interruption to your access. Your debit card would continue to work, and your direct deposits would be routed to the new bank automatically.

If the FDIC cannot find another bank to take over your deposits, it will pay you directly, usually within a few business days. This payout covers only the insured amount — up to $250,000 per ownership category. Amounts over the limit are not covered, though you may recover some of that money later if the failed bank's assets are sold.

Frequently Asked Questions

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

Only $250,000 is covered by FDIC insurance. The remaining $50,000 is not protected. To cover more money, you could open a joint account with a family member or move some funds to a retirement account, each of which has its own $250,000 limit.

Are my Chase credit card balances covered by FDIC insurance?

No. FDIC insurance covers deposits only — money you have deposited into a checking, savings, or money market account. Credit card balances are not deposits, so they are not covered. Credit card fraud is handled through different protections under the Fair Credit Billing Act.

Does FDIC insurance cover money I owe Chase?

No. FDIC insurance protects deposits you have placed in the bank. If you owe Chase money — for example, an overdraft or a loan — that debt is separate from your deposit protection. The bank can use your deposits to pay off debts you owe them, a process called setoff.

If I have multiple Chase accounts in my name, are they all covered separately?

No. Multiple accounts in your name alone are added together and covered by a single $250,000 limit. If you have a Chase checking account with $150,000 and a Chase savings account with $100,000, both in your name, the total of $250,000 is covered. Any amount over $250,000 across all your individual accounts is not insured.

Is my Chase IRA covered by FDIC insurance?

Yes, but separately from your other Chase accounts. An IRA at Chase is covered up to $250,000 as its own ownership category. This means you can have $250,000 in a Chase IRA and $250,000 in a personal Chase checking account, and both amounts are fully covered.