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EDIE HAS BEEN UPDATED TO INCLUDE IRREVOCABLE TRUST ACCOUNTS

Sunday, November 14, 2010 - 10:46 PM
New Version of FDIC Deposit Insurance Estimator Now Available
The FDIC's Electronic Deposit Insurance Estimator, better known as "EDIE," can be used to calculate the insurance coverage of all types of deposit accounts offered by an FDIC-insured bank. Consumers who have more than $250,000 on deposit in the bank will find EDIE useful to calculate their FDIC insurance coverage. EDIE also assists bank employees who answer customer questions about deposit insurance coverage. An updated version of EDIE announced by the FDIC in April offers new functions requested by consumers and bankers, such as the ability to calculate deposit insurance coverage for irrevocable trust accounts, which are held in the name of trusts that cannot be changed or nullified. FDIC-insured institutions also can now integrate and customize the EDIE application for their own Web sites. To use EDIE and to learn more about deposit insurance coverage, visit www.fdic.gov/deposit/deposits

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Ally6770Ally6770937 posts since
Jan 16, 2010
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