Recgarding FDIC Insurance?

Question

IF I OPEN AN ACCOUNT WITH MY SOUSE AS A JOINT OWNER AND SHE OPENS AN ACCOUNT WITH ME AS A JOINT OWNER, BOTH ACCOUNTS IN THE SAME BANK-- THEN ARE WE COVERED FOR 200000 OR ONLY 100000

Answer 1

It sounds as if you'll have 2 accounts with both your names attached to them and they'll each be insured for $10,000.  My advice is not to joint your accounts-ever.  You never know what your spouse is capable of if you get divorced.

Answer 2

The FDIC insurance is by social securtiy number.  Therefore you would be covered for only 100,000.  You could get around that by opening a single account as a "POD" account with each spouse as the other's beneficiary.  Of course, in a divorce settlement, all bets are off!  Best advice...open a joint account in 2 different banks!