The FDIC's Electronic Deposit Insurance Estimator (EDIE) is a quick and easy way to find out if your deposits are all covered under FDIC insurance. EDIE calculates the insurance coverage for Personal Accounts—deposits held by people in single accounts, joint accounts, POD/ITF accounts, living trust account, irrevocable trust accounts,. 15, 2020 Deposit Insurance Coverage Seminars The FDIC will conduct identical live seminars on FDIC deposit insurance coverage for bank employees and bank officers on September 15, 2020, October 21, 2020, November 2, 2020, and December 10, 2020.
Important information about deposit insurance
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government that protects depositors of an insured bank located in the United States against the loss of their deposits if an insured bank fails. The standard deposit insurance amount is up to $250,000 per depositor, per insured bank, for each account ownership category. The FDIC covers depositors' accounts at each insured bank, dollar for dollar, including principal and any accrued interest through the date of the insured bank's closing, up to the insurance limit. FDIC insurance is backed by the full faith and credit of the United States government.
The FDIC provides separate coverage for deposits held in different categories of legal ownership. Depositors may qualify for more than $250,000 in insurance coverage if their funds are deposited in different ownership categories and all FDIC requirements for each ownership category are met. All deposits that an account holder has in the same ownership category at the same bank are added together and insured up to the standard insurance amount.
Please visit www.fdic.gov/deposit/deposits for further information.
Understanding Deposit Insurance
The FDIC covers:
- Checking accounts
- Negotiable Order of Withdrawal (NOW) accounts
- Savings accounts
- Money market deposit accounts (MMDAs)
- Time deposits such as certificates of deposit (CDs)
- Cashier's checks, money orders, and other official items issued by a bank
The FDIC does NOT cover (even if purchased at an insured bank):
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- Stock investments
- Bond investments
- Mutual funds
- Life insurance policies
- Annuities
- Municipal securities
- Safe deposit boxes or their contents
- U.S. Treasury bills, bonds or notes
Depositors do not need to apply for FDIC insurance. Coverage is automatic whenever a deposit account is opened at an FDIC-insured bank or financial institution and all FDIC requirements are met.
The availability and extent of deposit insurance coverage is determined by the FDIC and cannot be altered by representations made by insured banks or others.
Calculate insurance coverage using EDIE
The Electronic Deposit Insurance Estimator – known as EDIE – is an online tool that is simple and easy to use. To calculate your deposit insurance coverage, use EDIE at: www.fdic.gov/edie
To contact the FDIC:
Call toll-free: 1-877-ASK-FDIC (1-877-275-3342)
Hearing impaired line: 1-800-925-4618
Read more about FDIC insurance online at: www.fdic.gov/deposit/deposits
The information and content provided on this web page is for informational purposes only. This information is presented in a non-technical way and as a convenience to you. SVB makes no warranties or representations as to its accuracy and bears no liability for your use of this information. The information made available to you is not intended, and should not be construed as legal, tax, or investment advice, or as a legal opinion. You should contact your legal, tax and/or financial advisors to help answer questions about your specific situation or needs prior to taking any action based upon this information. In the event of a discrepancy or dispute between this information and the information at www.fdic.gov, the information at www.fdic.gov will control. The specific legal requirements pertaining to the availability, nature and extent of deposit insurance coverage can be found by consulting the Federal Deposit Insurance Act (12 USC 1811 et seq.) and the FDIC's regulations relating to deposit insurance coverage (12 CFR Part 330). The FDIC recommends that to determine your deposit insurance coverage or to ask any specific deposit insurance questions, to call 1-877-ASK-FDIC (1-877-275-3342).
Now that ENB has temporarily reduced branch access is my money still insured?
Yes! Regardless of the bank's operating conditions, your money is insured by the FDIC and will continue to be protected up to at least $250,000. Additional information regarding deposit insurance can be found here.
Will there be enough cash available during the pandemic?
The Federal Reserve System has and will continue to meet the currency needs of banking customers. Be assured that sufficient resources are available to handle customer needs. Keep in mind, the safest place for your money is inside a bank. Intertops casino bonus codes. ENB will continue to ensure that our customers have access to funds either directly or electronically.
Is there anyone I can speak with if I have detailed questions about my FDIC deposit insurance coverage?
Yes. Please contact us at (877) 773-6605 or email us at enb@epnb.com and we'll be happy to answer your questions. The FDIC also has a team of subject matter experts available to answer your questions. Wild joker casino no deposit bonus codes. They can be reached at 1-877-ASK-FDIC (1-877-275-3342) and are available between 8:30AM- 5:00PM Monday-Friday.
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I have deposits at ENB that I think may exceed the FDIC's deposit insurance limits. What should I do?
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If you have concerns about exceeding the FDIC deposit insurance limits, please give us a call at (877) 773-6605. Another resource can be found at https://www.fdic.gov/deposit/, the FDIC has a number of deposit insurance resources to help you determine your deposit insurance coverage. A key tool for determining deposit insurance coverage is the Electronic Deposit Insurance Estimator (EDIE), which is available at https://edie.fdic.gov/. In addition, the FDIC website has a wide range of other links that can help you determine your deposit insurance coverage.
Http://fdic.gov/edie/calculator.html
Who can I contact for information about banking services?
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Feel free to call us at (877) 773-6605 with additional questions.
