cenbank.com - FDIC Insurance - Information & Calculator cenbank.com - FDIC Insurance - Information & Calculator Electronic Online Banking
cenbank.com - FDIC Insurance - Information & Calculator cenbank.com - FDIC Insurance - Information & Calculator
cenbank.com - FDIC Insurance - Information & Calculator
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cenbank.com - FDIC Insurance - Information & Calculator July 31, 2014
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FDIC Insurance - Information & Calculator

cenbank.com - FDIC Insurance - Information & Calculator
Who is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) preserves and promotes public confidence in the U.S. financial system by insuring deposits in banks and thrift institutions for at least $250,000; by identifying, monitoring and addressing risks to the deposit insurance funds; and by limiting the effect on the economy and the financial system when a bank or thrift institution fails.

An independent agency of the federal government, the FDIC was created in 1933 in response to the thousands of bank failures that occurred in the 1920s and early 1930s. Since the start of FDIC insurance on January 1, 1934, no depositor has lost a single cent of insured funds as a result of a failure.





NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE
FOR NON-INTEREST BEARING TRANSACTION ACCOUNTS
 
By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).  Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all non-interest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
 
For more information about FDIC insurance coverage of transaction accounts, visit
www.fdic.gov./deposit/deposits/unlimited/expiration.html
 

 
 
 
 
 


FDIC Insurance Calculator

 

EDIE the Estimator can calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits.

The information you get from EDIE is only as accurate as the information you enter. So:


 

BEFORE YOU BEGIN, HAVE A LIST OF:

  • All the deposit accounts you have at FDIC-insured banks
  • Current balances
  • Names of all account owners and beneficiaries

FOR BUSINESS ACCOUNTS, ALL OF THE ABOVE, PLUS:

  • Name of the business
  • Employer Identification Number (EIN)


To calculate if all your funds are FDIC insured click on the link below.



cenbank.com - FDIC Insurance - Information & Calculator
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