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Habersham Bank Customers

FDIC Coverage

As a customer of Habersham Bank, you may have some questions about FDIC insurance and how it is related to your account(s). For your reference, we have provided some commonly asked questions about FDIC coverage.

Important Information for Customers

Is my money safe?

Yes. All deposits are safe. No one lost any money at Habersham Bank.

If I have an account at both Habersham Bank and Community Bank & Trust, how is my FDIC insurance coverage affected?

In general, your deposits at Habersham Bank and Community Bank & Trust will be covered separately for six months. Listed below are the specific FDIC limits for your deposits.

  • Non-interest bearing checking accounts will have unlimited coverage until December 31, 2012.
  • All other deposit accounts are covered by the standard insurance amount of $250,000 per ownership category at Habersham Bank and Community Bank & Trust.
  • Interest-bearing checking and savings accounts will have separate coverage through August 18, 2011.
  • CDs and IRAs will have separate coverage until August 18, 2011 or the maturing date, whichever is greater.

If you need more specific information, please visit one of our local offices or the FDIC’s website at

FDIC insurance covers all deposit accounts, including checking and savings accounts, money market deposit accounts and certificates of deposit.  FDIC insurance does not cover other financial products and services that banks may offer, such as stocks, bonds, mutual fund shares, life insurance policies, annuities or securities.

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

The FDIC provides separate coverage for deposits held in different account ownership categories.  Depositors may qualify for more coverage if they have funds in different ownership categories and all FDIC requirements are met. (For details on the requirements, go to

The following chart shows standard insurance amounts for FDIC account ownership categories. All deposits that an accountholder has in the same ownership category at the same bank are added together and insured up to the standard insurance amount.

FDIC Deposit Insurance Coverage Limits1
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
Certain Retirement Accounts
includes IRAs
$250,000 per owner
Revocable Trust Funds $250,000 per owner per beneficiary up to 5 beneficiaries (more coverage available with 6 or more beneficiaries subject to specific limitations and requirements
Corporation, Partnership and Unincorporated Association Accounts $250,000 per corporation, partnership or unincorporated association
Irrevocable Trust Accounts $250,000 for the non-contingent, ascertainable interest of each beneficiary
Employee Benefit Plan Accounts $250,000 for the non-contingent, ascertainable interest of each plan participant
Government Accounts $250,000 per official custodian
To calculate your deposit insurance coverage
Use the FDIC's Electronic Deposit Insurance Estimator (EDIE) at:
For questions about FDIC coverage limits and requirements
Visit, call toll-free 1-877-ASK-FDIC, or ask a representative at your bank.
1Note: From December 31, 2010 through December 31, 2012, at all FDIC-insured institutions, deposits held in noninterest-bearing transaction accounts will be fully insured regardless of the amount in the account. For more information, see the FDIC's comprehensive guide, Your Insured Deposits, at