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Is Stride Bank Fdic Insured

Is Stride Bank FDIC Insured?

When choosing a bank to entrust your hard-earned money with, one of the most important factors to consider is whether the bank is FDIC insured. The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that provides deposit insurance to depositors in US banks. This insurance protects depositors against the loss of their deposits if a bank fails. In this article, we will explore whether Stride Bank is FDIC insured and why this is crucial for depositors.

What is Stride Bank?

Before diving into the question of whether Stride Bank is FDIC insured, let’s first understand what Stride Bank is. Stride Bank, formerly known as Central National Bank & Trust Co., is a full-service community bank that operates in Oklahoma and Kansas. With a history dating back to 1894, Stride Bank offers a range of banking services, including personal and business banking, loans, mortgages, and investment services.

FDIC Insurance: A Safety Net for Depositors

FDIC insurance is a crucial safeguard for depositors, providing them with peace of mind and protecting their funds in the event of a bank failure. Established in 1933 in response to the widespread bank failures during the Great Depression, the FDIC has played a vital role in maintaining stability and confidence in the US banking system.

FDIC insurance covers deposits up to $250,000 per depositor, per insured bank. This means that if you have multiple accounts with Stride Bank, such as a checking account, savings account, and a certificate of deposit (CD), each account is insured up to $250,000. If you have joint accounts, each co-owner is insured up to $250,000 for their share of the account.

Is Stride Bank FDIC Insured?

Yes, Stride Bank is FDIC insured. As of the publication date of this article, Stride Bank is listed as a member of the FDIC, which means that deposits held at Stride Bank are insured by the FDIC up to the maximum limit of $250,000 per depositor. This insurance coverage applies to all types of deposit accounts offered by Stride Bank, including checking accounts, savings accounts, money market accounts, and CDs.

It is important to note that FDIC insurance only covers deposits and does not extend to other financial products offered by banks, such as stocks, bonds, mutual funds, or annuities. Additionally, the $250,000 insurance limit applies per depositor, per insured bank. If you have accounts at multiple banks, each bank is separately insured, providing you with additional coverage.

Why FDIC Insurance Matters

FDIC insurance matters for several reasons:

  • Protection of Deposits: FDIC insurance ensures that your deposits are protected up to the maximum limit, giving you peace of mind and financial security.
  • Stability and Confidence: The presence of FDIC insurance promotes stability and confidence in the banking system, as depositors know that their funds are safeguarded.
  • Easy Access to Funds: In the event of a bank failure, the FDIC works to quickly resolve the situation and return depositors’ funds, minimizing disruption and ensuring easy access to funds.
  • Level Playing Field: FDIC insurance creates a level playing field among banks, as all FDIC member banks must adhere to certain regulations and standards to maintain their insurance coverage.

Frequently Asked Questions (FAQ)

1. How can I verify if a bank is FDIC insured?

To verify if a bank is FDIC insured, you can visit the FDIC’s website and use their BankFind tool. Simply enter the name of the bank or its FDIC certificate number, and the tool will provide you with the bank’s insurance status and other relevant information.

2. What happens if a bank fails?

If a bank fails, the FDIC steps in as the receiver and takes over the bank’s operations. The FDIC works to resolve the situation, either by selling the failed bank to another institution or by liquidating its assets. Depositors’ insured funds are protected and typically returned to them within a few business days.

3. Are credit unions also FDIC insured?

No, credit unions are not FDIC insured. Instead, they are insured by the National Credit Union Administration (NCUA), which provides similar deposit insurance coverage for credit union members.

4. Are there any risks associated with FDIC insurance?

FDIC insurance is backed by the full faith and credit of the United States government, making it one of the safest forms of deposit protection. There are minimal risks associated with FDIC insurance, as long as you stay within the insurance limits and choose an FDIC-insured bank.

5. Can I increase my FDIC insurance coverage?

Yes, you can increase your FDIC insurance coverage by opening accounts at different FDIC-insured banks. Each bank is separately insured, providing you with additional coverage. Additionally, you can consult with your bank to explore options such as joint accounts or different ownership categories to maximize your coverage.

6. Is FDIC insurance free?

Yes, FDIC insurance is free for depositors. Banks pay premiums to the FDIC to fund the insurance coverage, and these costs are typically passed on to customers indirectly through fees or other charges.


FDIC insurance is a crucial factor to consider when choosing a bank, as it provides depositors with protection and peace of mind. Stride Bank is FDIC insured, ensuring that deposits held at the bank are covered up to the maximum limit of $250,000 per depositor. FDIC insurance promotes stability, confidence, and easy access to funds in the event of a bank failure. By understanding the importance of FDIC insurance and verifying the insurance status of a bank, depositors can make informed decisions and safeguard their hard-earned money.