The standard FDIC insurance limit is generally $250,000 per depositor, per insured bank, for each account ownership category. When your eligible balance exceeds the applicable limit at Echelon Bank, the Insured Sweep Account can distribute funds in increments below the applicable insurance limit among participating network banks. This structure is designed to make those deposits eligible for FDIC insurance at each receiving bank, subject to program terms and FDIC rules.

Echelon Bank coordinates the placement of funds behind the scenes. You continue to manage your money through your Echelon Bank relationship rather than opening and monitoring separate accounts at multiple institutions.