The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provided temporary unlimited deposit insurance coverage for noninterest-bearing transaction accounts from December 31, 2010 through December 31, 2012. This unlimited coverage was separate from, and in addition to, the insurance coverage provided for a depositor's other accounts held at an FDIC-insured depository institution.
Effective January 1, 2013, noninterest-bearing transaction accounts are no longer insured by the FDIC as a separate ownership category. Such deposits will now be aggregated with any other deposits held by the same owner in the same ownership category in a single institution, with the total insured up to the standard maximum deposit insurance amount, which currently is $250,000.
Visit http://fdic.gov/deposit/ for more information.