# FDIC

*Banking & Payments — Finicade finance glossary*

The FDIC insures US bank deposits up to $250,000 per depositor, per bank, per ownership category, and resolves failed banks — usually over a weekend.

The FDIC insures US bank deposits up to $250,000 per depositor, per bank, per ownership category, and it also resolves failed banks — typically over a weekend, with customers regaining access on Monday. The ownership-category detail is what lets a family insure well beyond $250,000 at one institution. In 2023 it invoked a systemic risk exception to cover uninsured deposits at two failed banks, a precedent still being argued over.

**Also known as:** Federal Deposit Insurance Corporation, FDIC insured

**Related terms:** [Deposit Insurance](https://finicade.com/glossary/deposit-insurance), [Bank Run](https://finicade.com/glossary/bank-run), [Commercial Bank](https://finicade.com/glossary/commercial-bank), [CAMELS Rating](https://finicade.com/glossary/camels-rating), [Systemic Risk](https://finicade.com/glossary/systemic-risk)

Source: https://finicade.com/glossary/fdic