(Last Modified: August 31, 2026)
The overall DDM Program Limit is $70 million per eligible depositor (based on customer identifier) as of August 31, 2026.*
*What is the overall DDM Program Limit? The overall “DDM Program Limit” is the overall limit set by R&T, from time to time, for the DDM program. The DDM Program Limit is a dollar amount per eligible depositor (based on customer identifier) and may change, from time to time, as it largely depends on the number of Receiving Institutions participating in the overall DDM program administered by R&T at any given time. Currently, the overall DDM Program Limit is the amount set forth above. R&T notifies participating Sending/Source Institutions whenever the overall DDM Program Limit changes, so that a participating Sending/Source Institution can, if needed, notify its customers of any change to that Sending/Source Institution’s Program Limit.
What is the Sending/Source Institution’s Program Limit? The program limit that is set by a participating Sending/Source Institution for the DDM program offered to its customers is known as that institution’s “Program Limit”. The institution’s Program Limit is the maximum amount of deposit insurance coverage that the institution’s customers may be eligible to access under the institution’s specific program, offered to its customers (subject to the program terms and applicable laws, regulations and guidance, including pass-through deposit insurance coverage requirements). Sending/Source Institutions must not set a Program Limit for its DDM program that is greater than the overall DDM Program Limit.