FDIC Insurance

Maximize your FDIC insurance

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First Foundation Bank is an FDIC-insured bank

First Foundation Bank is a member of the Federal Deposit Insurance Corporation (FDIC). The FDIC protects your First Foundation Bank deposits up to $250,000 per depositor for each qualifying account ownership category. This means you can rest assured that your deposits are safe up to FDIC limits, no matter what’s happening in the economy. In addition, our banking team members provide their expertise to our clients regarding how to secure additional FDIC coverage—either through appropriate account titling or through programs that provide additional FDIC coverage for their deposits.

Protects your money

Deposit insurance is how the FDIC protects your money in the unlikely event of a bank failure.

Standard coverage is $250,000 per depositor

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.

You don’t have to purchase deposit insurance

If you open a deposit account in an FDIC-insured bank, you are automatically covered.

How can you maximize your FDIC insurance coverage?

Add beneficiaries to your accounts

Increase your FDIC deposit insurance coverage by creating payable-on-death (POD) accounts. POD accounts are a type of revocable trust and provides additional FDIC coverage. You can cover up to $1,250,000 in deposits by assigning 5 POD beneficiaries.

Open separate accounts for each family member

You can qualify for more than $250,000 in coverage if you own deposit accounts in different ownership categories. Each family member can take advantage of this coverage by having separate single owner accounts.

Pool your money into joint accounts

A joint account is owned by two or more people and titled jointly, with each person having equal rights on the account. Each joint owner is provided up to $250,000 of FDIC coverage. Joint accounts are insured separately from single owner accounts.

Open a custodial account for your child

Uniform Transfers to Minors (UTMA) or Uniform Gift to Minors (UGMA) accounts held in the name of a minor but controlled by a parent will provide up to $250,000 in FDIC insurance for the minor named on the account.

Utilize an Intrafi Cash Service (ICS) account

Deposits placed through Intrafi's Cash Service program are divided into amounts under the FDIC coverage limit of $250,000 and placed in deposit accounts at multiple FDIC-insured banks. Intrafi can ensure coverage for millions in deposits.
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Use the FDIC’s Electronic Deposit Insurance Estimator (EDIE)

EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank.

Are my accounts covered by the FDIC?

The FDIC Covers:

  • Checking accounts 
  • Savings accounts 
  • Money market deposit accounts
  • Certificates of deposit (CD)
  • Prepaid cards (assuming certain FDIC requirements are met)

The FDIC Does NOT Cover:

  • Stock investments
  • Bond investments
  • Mutual funds
  • Crypto assets
  • Life insurance policies
  • Annuities
  • Municipal securities
  • Safe deposit boxes or their contents 
  • U.S. Treasury bills, bonds or notes

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Deposit and loan products offered by First Foundation Bank, Member FDIC and Equal Housing Lender. NMLS #793235.

Investment and Advisory Services provided by First Foundation Advisors, an SEC-Registered Investment Advisor. Trust Services and Insurance Services are offered through First Foundation Bank. First Foundation Insurance Services license number #0H38553.

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