Manage money the way you want with Webster Five Bank's checking accounts
Your day takes you all over Worcester County, MA, and sometimes way beyond. You want immediate access to your money wherever you go. You'll get it with our checking accounts – along with a debit card and the Online and Mobile Banking tools you need to pay bills and take care of your finances.
Everyday Checking
This straightforward checking account provides the essentials for your personal finances.
Amplify Checking
Get all the features of Everyday Checking plus access to our Amplify Money Market and more.
Frequently Asked Questions
As a depositor in this bank, all your deposits and accrued interest are insured in full, without limit or exception.
All deposits above the FDIC limit are insured in full by the Depositors Insurance Fund. The first $250,000 per depositor is insured by the Federal Deposit Insurance Corporation (FDIC); all deposits above this amount are insured by the Depositors Insurance Fund (DIF).
The FDIC was established by the U.S. Congress in 1922 with a mission to insure bank deposits. Originally set at $2,500, the FDIC’s per-depositor limit has increased over time to its current coverage of $250,000.
The DIF is a private, industry-sponsored excess deposit insurance company. Created by a special act of the Massachusetts legislature in 1932, the DIF began operations as a primary insurer in 1934. Today, the DIF insures all deposits in its member banks in excess of the FDIC’s $250,000 per depositor limit.
DIF insurance is available only on deposits in Massachusetts-chartered savings banks. By combining FDIC primary insurance and DIF excess deposit insurance, Webster Five provides you with full insurance.
Visit www.fdic.gov or www.difxs.com for more.
If you have any further questions regarding deposit insurance, please call 800-696-9401.
