Individuals can obtain up to $2 million of incremental FDIC insurance coverage by opening a Max account linked to 8 online savings accounts ($250,000 x 8 = $2 million.)

Couples can obtain up to $8 million of FDIC insurance coverage by opening a combination of individual and joint accounts at each of these online banks and, correspondingly, 3 Max accounts to manage each set of 8 online savings accounts, as outlined below:

Account Title / Account Type# of Accounts x FDIC LimitTotal FDIC Coverage
Spouse #1 - Individual8 x $250,000$2,000,000
Spouse #2 - Individual8 x $250,000$2,000,000
Spouse #1 and Spouse #2 - Joint8 x $500,000$4,000,000


Note: Members should take account of any existing FDIC coverage being used for other accounts e.g. CDs or checking accounts held at any of the supporting institutions.

Max plans to add support for additional online banks over time, which will, correspondingly, increase the amount of FDIC insurance coverage available to Max members.

If you have a more complex situation, you can use the FDIC's Electronic Deposit Insurance Estimator to determine how much FDIC coverage you may be eligible for. Members can also use trusts for broader FDIC coverage.

For even larger balances, Max can help deliver up to $100 million of FDIC insurance coverage on institutional, trust, or high net worth individual accounts. For more information, visit

Unlimited Deposit Insurance: One of the banks supported on the Max platform, BankProv, is a member of both the FDIC and DIF, the Depositors Insurance Fund. If you are in need of additional insurance coverage beyond the FDIC limits, your BankProv account will be insured by the FDIC for up to $250,000 (or $500,000 for jointly titled accounts) and every dollar above that will be insured by DIF. You can learn more at