FDIC Electronic Deposit Insurance Estimator

Here’s the guide on how to use the FDIC electronic deposit insurance estimator. As stated in Federal Deposit Insurance Corporation (FDIC) website, “the more you know the safer your money”. That statement would be a big reason for you to study how to use the electronic deposit insurance estimator. It is your rights to know if your deposits was insured and how much coverage.

Please note, if you have investment funds that purchased from the banks (e.g. Unit Investment Trust Fund), the following financial products are not covered by FDIC insurance such as;

• Mutual Funds
• Stocks
• Annuities
• Investment Trust Funds
• Any investment that is not a deposit

Benefits of FDIC Electronic Deposit Insurance Estimator

EDIE means Electronic Deposit Insurance Calculator. You will know easily the rules and limits apply to a depositor’s specific group of deposit accounts. You can print the report you estimate when using EDIE. You can calculate the following deposits held  by;

• Individual Accounts and Joint accounts
• POD/ITF Accounts
• Living Trust Accounts
• Irrevocable trust Accounts
• IRA Individual Retirement Accounts
• Business Accounts
• Government Accounts

Steps in Using FDIC Electronic Deposit Insurance Estimator

Follow these step by step guide on how to use the online deposit insurance estimator;
1. GO to the official website ot FDIC, and find EDIE.
2. Visit EDIE (Electronic Deposit Insurance Estimator)
3. In this home page, you can see “EDIE the Estimator”
4. Enter your information such as bank name and tick the type of account (individual, business or government) you want to estimate and complete your account information
5.  Read your report or print your report if you want.

For more information, contact the FDIC customer assistance.

Visit the official website of Federal Deposit Insurance Corporation at www.fdic.gov. Or Call FDIC TELEPHONE, Call toll-free: at 1-877-ASK-FDIC (1-877-275-3342) available from Monday to Friday, 8am-8pm ET and the phone number for hearing impaired: 1-800-925-4618

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