Financial Institution Employee’s Guide to Deposit Insurance
Deposit Insurance Coverage Resources
Informational resources on deposit insurance coverage are described below. These resources can be found on the FDIC’s website at: www.fdic.gov/deposit. The FDIC provides these resources free of charge to consumers and IDI employees.
FDIC Deposit Insurance Brochures and Guides
- Deposit Insurance at a Glance, available in English and Spanish, is a tri-page brochure that provides basic information on the common ownership categories of insurance coverage, including single accounts, certain retirement accounts, joint accounts and revocable trust accounts.
- Your Insured Deposits, available in English, Spanish, Korean, Vietnamese, Tagalog and Chinese (traditional and simplified), explains the nine most common deposit insurance categories. It is especially useful for large depositors, those with unusual deposit insurance requirements, and IDI employees who are assisting depositors with deposit insurance questions. This brochure (English and Spanish versions) also is available in a large print version (8.5” x 11”) and printed on 18-point font type.
FDIC YouTube Videos
The FDIC has three seminars on YouTube that cover various deposit insurance topics.
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Fundamentals of Deposit Insurance
This seminar provides an overview of the rules for determining coverage for the nine most common account ownership categories. It is an excellent resource to use as a refresher on the foundations of deposit insurance.
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Deposit Insurance Coverage for Revocable Trust Accounts
This seminar focuses exclusively on revocable trust accounts and covers complex scenarios including in-depth examples for revocable trust accounts with more than $1,250,000 in deposits and six or more beneficiaries receiving unequal interests.
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Advanced Topics in Deposit Insurance Coverage
This seminar includes government accounts, mortgage servicing accounts, IDI mergers and pass-through deposit insurance coverage, as well as other deposit insurance topics.
Electronic Deposit Insurance Estimator (EDIE)
EDIE is a tool that assists IDI employees and consumers in calculating deposit insurance coverage. The calculator is ideal for analyzing actual deposits established or hypothetical examples that depositors or IDI employees may wish to explore for the amount of FDIC deposit insurance coverage that may be available. Please note that no personally identifiable information is necessary to access EDIE’s calculations. After the user enters the account information, EDIE generates a printable report clearly showing the amount of insurance coverage for the user’s accounts. EDIE can be used to calculate the insurance coverage of single, certain retirement, joint, revocable or living trust/ITF/POD, government and business accounts. For irrevocable trust accounts, depositors and IDI employees should contact the FDIC at 1-877-275-3342 to discuss their specific situations.
For More Information from the FDIC
Call toll-free at:
1-877-ASK-FDIC (1-877-275-3342)
| Hours of Operation (Excluding Federal Holidays) | |
|---|---|
| Monday – Friday | 8:00 a.m. – 8:00 p.m. Eastern Time |
| Saturday – Sunday | 9:00 a.m. – 5:00 p.m. Eastern Time |
Hearing Impaired Line:
1-800-925-4618
Read more about FDIC insurance online at:
www.fdic.gov/deposit
Order FDIC deposit insurance products online at:
https://catalog.fdic.gov/
Send questions by email using the FDIC's online Customer Assistance Form at:
http://ask.fdic.gov/FDICCustomerAssistanceForm
Mail questions to:
FDIC
Deposit Insurance Outreach
550 17th Street, NW
Washington, DC 20429-9990
Note: The FDIC recommends that if you have questions about revocable or irrevocable trusts you may wish to call the FDIC at the toll-free number above and ask to speak with a deposit insurance specialist. A deposit insurance subject matter expert can assist the caller in collecting the pertinent information in calculating the amount of deposit insurance coverage that may be available.