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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. |
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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. |
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Click here for the FDIC Electronic Deposit Insurance Estimator (Online EDIE). |
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