All funds in a "noninterest-bearing transaction account" are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012.  This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC's general deposit insurance rules.

The term "noninterest-bearing transaction account" includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest.   It also includes Interest on Lawyers Trust Accounts ("IOLTAs").  It  does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, and money-market deposit accounts.

For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

EDIE the Estimator can calculate your FDIC insurance coverage for each FDIC-insured bank where you have deposit accounts. EDIE lets you know in a printable report for each bank whether your deposits are within or exceed coverage limits.

The information you get from EDIE is only as accurate as the information you enter. So:

BEFORE YOU BEGIN, HAVE A LIST OF:

• All the deposit accounts you have at FDIC-insured banks
• Current balances
• Names of all account owners and beneficiaries

FOR BUSINESS ACCOUNTS, ALL OF THE ABOVE, PLUS:

• Name of the business
• Employer Identification Number (EIN)