Fdic Edie
FDIC Insurance
American Bank is a member of the Federal Deposit Insurance Corporation (FDIC). American Bank’s FDIC Certificate Number is 34422.
We’re here to help you by answering some of your frequently asked questions about FDIC insurance and how much coverage is available for your accounts at American Bank.
Fdic Edie Calculator
- Electronic Deposit Insurance Estimator (EDIE) EDIE allows consumers and bankers to calculate your coverage on a per-bank basis, determine how much is insured, and what portion of your funds (if any) exceeds the coverage limits. Consumers can also learn how the insurance rules limits apply to your specific deposit accounts.
- Fdic's edie Estimate your insurance coverage on personal bank accounts. EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts.
And when your money is FDIC insured, you can't lose a penny, no matter what. But as with any insurance, there are coverage limits and requirements that must be met. To help you determine your insurance coverage, you can use an easy-to-use online FDIC tool called EDIE – The Estimator, which PremierBank is making available to you on our website. Electronic Deposit Insurance Estimator (EDIE) EDIE allows consumers and bankers to calculate your coverage on a per-bank basis, determine how much is insured, and what portion of your funds (if any) exceeds the coverage limits. Consumers can also learn how the insurance rules limits apply to your specific deposit accounts. A key tool for determining deposit insurance coverage is the Electronic Deposit Insurance Estimator (EDIE), which is available at In addition, the FDIC website has a wide range of other links that can help you determine your deposit insurance coverage.
Q: What is the Federal Deposit Insurance Corporation (FDIC)?
A: The Federal Deposit Insurance Corporation (FDIC) is a federal agency organized in 1933 that insures depositors’ account up to the insured amount at most commercial banks and savings associations. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC.
Q: What is insured by the FDIC?
A: Types of American Bank products that the FDIC insures include:
- Checking Accounts
- Money Market Accounts
- Savings Accounts
- Certificates of Deposit (CDs)
- Deposit Accounts owned by certain types of Trusts
Q: What amount of insurance coverage do I have for my accounts?
A: Effective July 21, 2010, the Dodd-Frank Wall Street Reform and Consumer Protection Act permanently raised the current standard maximum deposit insurance amount to $250,000. The FDIC insurance coverage limit applies per depositor, per insured depository institution for each account ownership category.
Basic FDIC Deposit Insurance Coverage Limits**
| Single Accounts (owned by one person) | $250,000 per owner |
| Joint Accounts (two or more persons) | $250,000 per co-owner |
| IRAs and certain other retirement accounts | $250,000 per owner (not changed) |
| Revocable Trust Accounts | $250,000 per owner per beneficiary (subject to specific limitations and requirements) |
| Corporation, Partnership and Unincorporated Association Accounts | $250,000 per corporation, partnership or unincorporated association |
| Irrevocable Trust Accounts | $250,000 for the non-contingent, ascertainable interest of each beneficiary |
| Employee Benefit Plan Accounts | $250,000 for the non-contingent, ascertainable interest of each plan participant |
| Government Accounts | $250,000 per official custodian |
* These deposit insurance coverage limits refer to the total of all deposits that an accountholder (or accountholders) has at each FDIC-insured bank. The listing above shows only the most common ownership categories that apply to individual and family deposits, and assumes that all FDIC requirements are met. The increased coverage limit became permanent effective July 21, 2010.
Q: Where can I find additional information from the FDIC?
A: You can learn more about FDIC insurance at: www.fdic.gov/deposit
You can also calculate your insurance coverage using the FDIC’s online Electronic Deposit Insurance Estimator at: www2.fdic.gov/edie
For a detailed description of ownership categories, request a copy of “Your Insured Deposits: FDIC’s Guide to Deposit Insurance Coverage” by calling toll free: 877.275.3342.
Q: What if I still have questions?
A: You can call FDIC toll-free at 877.ASK.FDIC (1.877.275.3342) from 8:00 am – 8:00 pm ET, Monday through Friday or send your questions by e-mail using the FDIC’s online Customer Assistance Form at: www2.fdic.gov/starsmail. You can also mail your questions to:
Federal Deposit Insurance Corporation
Attn: Deposit Insurance Outreach
550 17th Street, NW
Washington, DC 20429-9990
Our Customer Service team is also available by phone at 888.366.6622 or by clicking here to send us a secure email to answer your questions and provide additional information. It will be our pleasure to assist you.
The more you know, the safer your money
The Federal Deposit Insurance Corporation (FDIC) is an independent government agency created by the U.S. Congress to maintain stability and public confidence in the nation’s financial system by insuring deposits, examining and supervising financial institutions for safety and soundness and consumer protection, and managing receiverships.
What is the FDIC?
- The Federal Deposit Insurance Corporation (FDIC) was created in 1933 to provide insurance protection for depositors of failed banks and to help maintain sound conditions in the nation's banking system.
- The FDIC is an independent agency of the U.S. Government. Since its inception, the FDIC has responded to thousands of bank failures. All insured deposits of failed banks and thrifts have been protected by the FDIC.
- The FDIC provides an online tool at https://edie.fdic.gov/ to help consumers learn about what the benefits and limitations of deposit insurance mean for you and to estimate your FDIC insurance coverage.
- Tri Counties Bank is a member of the Federal Deposit Insurance Corporation (FDIC).
Are deposits at Tri Counties Bank insured by the FDIC?
Yes. The FDIC fully insures your deposit up to $250,000.
What does FDIC deposit insurance cover?
FDIC insurance covers all types of deposits received at Tri Counties Bank including; checking, savings, money market, and time deposits such as certificates of deposit (CDs). FDIC deposit insurance covers the balance of each depositor’s account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest.
What is the FDIC insurance limit?
The FDIC Standard Maximum Deposit Insurance (SMDIA) per depositor, has been permanently increased to $250,000 per depositor per insured financial institution. But did you know that accounts maintained in different forms of ownership may each be separately insured up to $250,000? That makes it possible to have deposits of more than $250,000 at one insured bank and still be fully insured.
What is not covered by the FDIC?
Fdic Edie Insurance Limits
A: The FDIC does not insure investments in stocks, bonds, mutual funds, life insurance policies, annuities, including business sweep accounts or municipal securities, even if you bought these products from an insured bank. The FDIC does not insure U.S. Treasury bills, bonds, or notes. These are backed by the U.S. government.
The FDIC Electronic Deposit Insurance Estimator (EDIE)
EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor’s specific group of deposit accounts – what’s insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records.
Fdic Edie The Estimator
EDIE can be used to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank, including:
Fdic Edie Deposit Insurance
- Checking accounts
- Savings accounts
- Money Market accounts
- Certificates of deposit (CDs)