The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects depositors by insuring their funds in the event an FDIC-insured bank fails.
If your bank is FDIC-insured—like Quontic Bank—your deposits are automatically protected up to $250,000 per depositor, per ownership category, per bank. This coverage is backed by the full faith and credit of the United States government.
