Protecting our customers’ deposits and funds at SouthState is a top priority. You may have heard that SouthState is FDIC-insured or is a member of the FDIC. But what does that mean for you and your accounts with us?
What is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. Government that protects depositors against the loss of insured deposits if an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the United States government.
How much is insured by the FDIC?
The FDIC insures up to $250,000 per depositor, per insured bank or financial institution for each account ownership category.
What is insured by the FDIC?
All types of SouthState deposits are FDIC-insured including:
What isn’t insured?
The FDIC does not insure other bank products and services including:
Calculating your deposit insurance coverage is easy with the FDIC’s Electronic Deposit Insurance Estimator (EDIE) available here.
If you have questions, contact the FDIC toll-free at (877) 275-3342 during the hours listed here or visit your local SouthState branch. If you are hearing-impaired, please call (800) 925-4618.
Learn more about the FDIC here.
In observance of Veterans Day, SouthState locations will be closed on Wednesday, November 11. SouthState Customer Care will be open 8 a.m. - 5 p.m. ET. Transactions initiated or scheduled on a holiday are processed the next business day.