Deposits made by a corporation, partnership, or unincorporated association are insured separately from the personal accounts of its stockholders, partners, or members. FDIC insures deposits by a corporation, partnership, or unincorporated association up to a maximum of $250,000. To qualify for this coverage, the entity must be engaged in an independent activity, meaning that the entity is operated primarily for some purpose other than to increase deposit insurance.
Sole proprietorship deposits are insured as single account deposits of the sole proprietor. The funds deposited by the sole proprietor will be added to their personal account at the same bank, and the total will be insured to a maximum of $250,000.