The more you know about FDIC deposit insurance coverage, the safer your money will be. Depositors should understand their coverage limits and confirm that a financial institution is FDIC-insured. The FDIC sign displayed at every FDIC-insured institution is a symbol of confidence for depositors.There is no need for depositors to apply for FDIC insurance or even to request it. Coverage is automatic, up to certain insurance limits, when a deposit account is opened at an FDIC-insured bank or savings association.
FDIC’s Electronic Deposit Insurance Estimator (EDIE)
If you would like to determine your current FDIC insurance coverage, FDIC’s Electronic Deposit Insurance Estimator (EDIE) can help.