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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

FDIC Consumer News - Winter 2017

Use "EDIE," the Interactive Deposit Insurance Estimator, to Determine Your Coverage
Woman working at her laptop

En Español

The FDIC’s Electronic Deposit Insurance Estimator, also known as “EDIE,” is a simple, intuitive online tool that can be used to determine whether a depositor’s accounts are fully insured at each bank where deposits are held.

“EDIE allows users to input either actual dollar amounts they have on deposit in a bank or hypothetical dollar amounts they may want to deposit so they can see if the funds will be insured,” said Martin Becker, chief of the FDIC’s Deposit Insurance Section. “If the depositor has potential uninsured funds, EDIE will show the amount and the category under which the funds are uninsured.”

Becker also said “it is important to note that EDIE is not linked to any FDIC-insured member bank’s actual database, and no personal identification information is needed for the calculator to provide an accurate answer on the amounts entered.”

Image of a laptopYou also do not need to understand deposit insurance rules to use EDIE. The site provides an explanation of each item you are required to enter and a tutorial with comprehensive examples of how to enter accounts in various ownership categories.

EDIE can be used to determine deposit insurance coverage for two additional categories — one for businesses, nonprofits and unincorporated associations, and the other for government accounts.

Do you have more questions about whether your deposits are fully insured at your bank? The EDIE site also has a page of frequently asked questions about deposit insurance. You can always call the FDIC toll-free at 1-877-275-3342 and talk with a deposit insurance specialist about your deposit insurance needs. EDIE is available in Spanish.


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