1. User Guide
  2. Deposit Insurance Calculations as per FDIC 370
  3. ORC Classification and Insurance Calculation
  4. Revocable Trust Accounts (REV)

5.3.6 Revocable Trust Accounts (REV)

A revocable trust account is a deposit account owned by one or more people expressing the intent that on the death of the owner, the deposited funds will pass to one or more named beneficiaries. A revocable trust account can be revoked, terminated, or amended at the discretion of the owner(s). FDIC deposit insurance covers two types of revocable trusts — informal revocable trusts and formal revocable trusts. Insurance calculation does not depend on the type of revocable trusts.