Skip to main content
U.S. flag
An official website of the United States government
Dot gov
The .gov means it’s official. 
Federal government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on a federal government site.
Https
The site is secure. 
The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

Deposit Insurance Coverage Seminars: Free Nationwide Series for Bank Officers and Employees

August 12, 2020

Summary:

The FDIC will conduct four identical live seminars on FDIC deposit insurance coverage for bank employees and bank officers between September 15, 2020, and December 10, 2020. In addition to a comprehensive overview of FDIC deposit insurance rules, the seminars include deposit insurance coverage information on signature card requirements for joint accounts, prepaid cards, bank trade names, Health Savings Accounts, 529 plan accounts, and 529 Achieving a Better Life Experience (ABLE) plan accounts.

Details about the deposit insurance seminars can be found on the FDIC's website.

Statement of Applicability to Institutions under $1 Billion in Total Assets: This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.

Highlights:

  • The presentation provides an overview of some of the most popular deposit insurance resources such as the FDIC's Electronic Deposit Insurance Estimator ( EDIE ), which is an interactive tool used to calculate deposit insurance coverage; the FDIC's BankFind Directory, which allows users to confirm if a bank is FDIC-insured; and the FDIC's Financial Institution Employee's Guide to Deposit Insurance , which was developed to assist bankers in providing detailed information about deposit insurance coverage to their customers.
  • The FDIC also has developed three separate seminars for bank officers and employees that are available on the FDIC's YouTube channel. Both the live and YouTube seminars will provide bank employees with an understanding of how to calculate deposit insurance coverage. Each live seminar will provide a comprehensive overview of FDIC deposit insurance.
  • Questions about the live seminars or the YouTube videos may be sent to DIBankerSeminars@fdic.gov or you may call 1-877-275-3342 and ask to speak to a subject matter expert in the Deposit Insurance Section.

Distribution:

FDIC-Insured Institutions

Suggested Routing:

Chief Executive Officer 
Head of Deposit Insurance and Branch Operations 
Chief Compliance Officer 
Training Officer 
Branch Managers

Attachment(s)
FDIC Deposit Insurance Regulations 12 C.F.R. Part 330

Last Updated: August 12, 2020