As a Massachusetts-chartered Savings Bank, Brookline Bank is a member of the Depositors Insurance Fund (DIF) which provides unlimited deposit insurance above current FDIC insurance limits for all depositors - including individuals, businesses and municipalities.
The DIF is a private, industry-sponsored insurance fund that has been insuring deposits since 1934. The combination of FDIC and DIF insurance provides Brookline Bank customers with full deposit insurance on all their deposit accounts.
DIF insurance coverage requires no applications or special forms. Customers automatically receive this added insurance benefit at no cost whenever they make a deposit to a new or existing account with us.