Not so. The limit is per depositor, per bank, per ownership category:<p><a href="https:&#x2F;&#x2F;www.fdic.gov&#x2F;deposit&#x2F;deposits&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.fdic.gov&#x2F;deposit&#x2F;deposits&#x2F;</a><p>Ownership category is just something like single, joint, retirement, etc. If you have more than $250,000 spread across multiple accounts but with the same account holder and ownership category, the excess is <i>not</i> covered.