Glossary
/
Banking
/
FDIC

FDIC

What is the FDIC?

The FDIC, which stands for the Federal Deposit Insurance Corporation, is an independent government agency that insures member banks for its deposits. It was initially created as a response to the Great Depression and the Dodd-Frank Act of 2010 increased the FDIC insurance to $250,000.00 per depositor.

Nophin bank accounts are eligible for pass-through FDIC deposit insurance of $250,000.00 per depositor as your funds are held in accounts for the benefit of you. It's extremely important to verify that your financial institution offers this level of protection and complies with the regulations surrounding FDIC eligibility.

Upgrade your rental property finances

You're on the list!
Oops, something went wrong! Please try again.