To endorse the check, you'll just have to flip it over and sign the line with the x to the left of it. This line will be found at the top of the check, and you'll sign it sideways. Do this right before you go to the ATM or the bank, so that your check cannot be cashed if you lose it. If you don't endorse the check, that makes it harder for the bank to accept it from a person who wants to cash it for ulterior motives.
FDIC insured means that the government will give you your money back (up to $100,000) in case your bank goes out of business and can't pay you. If you have more than $100,000 to put into savings, try spreading it out over several FDIC banks with no more than $100,000 in each account.
The FDICâshort for the Federal Deposit Insurance Corporationâis an independent agency of the United States government. The FDIC protects depositors of insured banks located in the United States against the loss of their deposits if an insured bank fails. Any person or entity can have FDIC insurance coverage in an insured bank. A person does not have to be a U.S. citizen or resident to have his or her deposits insured by the FDIC. FDIC insurance is backed by the full faith and credit of the United States government.