The more you know about FDIC deposit insurance coverage, the safer your money. Depositors should understand their coverage limit's 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, whenever 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 you. Click here