Who or What is EDIE?

As the above public service announcement makes perfectly clear EDIE is an online tool developed by the FDIC to assist with questions regarding FDIC insurance on deposit accounts and the myriad of ownership classifications. Depositors can run through an online simulation of their bank deposits and receive a report which details insurance coverage. With the maximum insurance amount TEMPORARILY increased from $100,000 to $250,000 the usefulness of this FDIC tool is greater than ever. With less fanfare than the increase in the deposit limits, the FDIC also changed some of the rule regarding Revocable Trust accounts. Again the EDIE online tool can simulate insurance coverage for depositors if used correctly.