Federal Deposit Insurance Corporation (FDIC)

VirtualBank is a division of IBERIABANK, a Louisiana state-chartered bank and member FDIC. Deposits held in VirtualBank are added together with deposits held with IBERIABANK for determining FDIC insurance coverage. Our FDIC certificate number is 28100 and is registered under the IBERIABANK name.

The FDIC is an independent agency of the United States government that protects the funds depositors place in banks. FDIC insurance is backed by the full faith and credit of the United States government. Since the FDIC was established in 1933, no depositor has ever lost a single penny of FDIC-insured funds.

FDIC insurance covers all deposit accounts, including Certificates of Deposit, Money Market Deposit Accounts, Checking Accounts and Savings Accounts. The standard insurance amount is $250,000 per depositor, for each account ownership category.


By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.


For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It also includes Interest on Lawyers Trust Accounts ("IOLTAs"). It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

Maximize your FDIC Coverage. Click here for an example of how a couple could be insured to $1,500,000.

The FDIC provides separate coverage for deposits held in different account ownership categories which could maximize your coverage. You may qualify for more coverage if you have funds in different ownership categories.

The following chart shows standard insurance amounts for FDIC account ownership categories.

FDIC Deposit Insurance Coverage Limits*
by account ownership category
Single Accounts
Owned by one person
$250,000 per owner
Joint Accounts
Owned by two or more persons
$250,000 per co-owner
Revocable Trust Accounts
Payable on death "POD" and formal trusts
$ 250,000 per owner per beneficiary up to 5 beneficiaries. More coverage may be available for 6 or more beneficiaries. Visit the FDIC Website or call them at
877-ASKFDIC (877-275-3342) for details.

Looking for a quick tool to help you calculate your FDIC coverage? Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at: www.fdic.gov/edie.

For additional information, visit the FDIC Website or call them at 877-ASKFDIC (877-275-3342).

* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met
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