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Everett, MA
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EDIE - What is it?
Online EDIE (Electronic Deposit Insurance Estimator) is a user-friendly Internet application that helps bank customers learn about deposit insurance and estimates the insurance coverage on their accounts at an FDIC-insured financial institution. EDIE enables novice computer users to get accurate statements of their deposit insurance coverage. The "Walk Me Through" format is a step-by-step approach that helps bank customers estimate their coverage by entering information about their accounts at an FDIC-insured institution. The "Calculator" format is an all-inclusive approach that lets users enter all necessary information on one screen. After the data is entered, EDIE will generate a printable report clearly showing the amount of insurance coverage for those accounts.
EDIE can accommodate the needs of most individuals and family groups, calculating insurance coverage for both personal and business accounts. Personal accounts include single ownership accounts, self-directed retirement accounts, joint ownership accounts and straight-forward revocable trust accounts (including formal testamentary accounts, such as payable-on-death and in-trust-for accounts) and formal revocable trusts (such as living and family trusts). Business accounts are deposit accounts owned by corporations, partnerships and unincorporated associations, including for-profit and not-for-profit organizations.
Click here for the FDIC Electronic Deposit Insurance Estimator (Online EDIE).
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