FDIC Insurance
- Welcome to the FDIC's Electronic Deposit Insurance Estimator (EDIE). EDIE is an interactive application that can help you learn about deposit insurance. It allows you to calculate the insurance coverage of your accounts at each FDIC-insured institution.
- FDIC-EDIE The Estimator. Understanding the deposit insurance coverage you have on your accounts. Since Community Bank of Wichita, Inc. Is an FDIC-insured institution, it means that your qualifying deposits are insured by the federal government. And when your money is FDIC insured, you can't lose a penny, no matter what.
American Bank is a member of the Federal Deposit Insurance Corporation (FDIC). American Bank’s FDIC Certificate Number is 34422.
Fdic – edie the estimator Understanding the deposit insurance coverage you have on your accounts. Since Chino Commercial Bank, N.A. Is an FDIC-insured institution, it means that your qualifying deposits are insured by the federal government.
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.
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 |
Fdic Edie Insurance Limits
* 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
Https://edie.fdic.gov/calculator.html
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.