FDIC Insurance Disclosure for Sweep Accounts
Updated 10/16/2026
This FDIC insurance disclosure can be used for sweep accounts. The bank must disclose in writing to sweep account customers whether their swept funds are deposits within the meaning of the Federal Deposit Insurance Act (12 U.S.C. 1813(l)).
Rule: 12 CFR 360.8
Toolkit: New Accounts Commercial, New Accounts – Consumer
Keywords: FDIC Insurance, Sweep Accounts, Deposit Insurance, Deposit Insurance Limits, Ownership Categories, Trust Accounts, CDARS, Nondeposit Investments
10/16/2026 – Updated to reflect current FDIC insurance rules, including changes to trust account coverage and the addition of mortgage servicing accounts. Clarified insurance limits and added disclosures for nondeposit sweep investments and CDARS accounts.
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