What is the FDIC and how does it impact me?

The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the U.S. government that protects bank customers against the loss of their insured deposits in the event that an FDIC-insured bank or savings association fails. FDIC insurance is backed by the full faith and credit of the U.S. government.

Customers of FDIC-insured banks, including Gate City Bank, are covered by the FDIC for up to $250,000 per depositor, per bank.

Related Questions

Deposit insurance through the Federal Deposit Insurance Corporation (FDIC) protects bank customers in the event an FDIC-insured financial institution fails. It’s available for any deposit account opened at an FDIC-insured bank; there’s no need to purchase it!

Deposit insurance is calculated dollar-for-dollar up to FDIC limits – factoring in the principal amount plus any interest accrued or due to the depositor – through the date of default. The FDIC has created an insurance estimator that you can utilize for more information on how this may personally impact you.

Yes. We’re proud of our long-term relationship with the Federal Deposit Insurance Corporation (FDIC) – which has been supporting banks for 88 of our past 100 years in business!

The standard Federal Deposit Insurance Corporation (FDIC) limit is $250,000 per depositor, per bank. To calculate your own deposit insurance coverage, please visit the FDIC’s deposit insurance estimator.

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Standard Design:

The cost for our standard design checks is $33.42 per box or $35.42 for duplicates.

Customers with Benefit Interest Checking or money market savings accounts are eligible to receive free or discounted checks. These are also available for existing customers with a 50+ FREE Interest Checking account when you maintain a $5,000 minimum balance in Gate City Bank CDs.

Other Check Design:

If you’d like to order a specific check design, please visit the Harland Clarke catalog for pricing information.

Ready to order? Great, let's go!

When you register for mobile deposit, you’ll receive an email with your personalized limits. You can also find your limits per deposit displayed on the mobile deposit screen. Simply click "Deposit" on the bottom menu, then the "Deposit Check" button. From there, under the name(s) of your deposit account options, you'll notice a small byline that includes your deposit limit for the selected account. Limits may change based on your account activity.

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