FDIC's EDIE tool - Know EXACTLY how much FDIC Insurance Covers

You might think that FDIC insurance is really straight forward, and that you have $250,000 in coverage from the FDIC. That's a good starting point, BUT there's more to know! You can have up to $250k per account category per institution? But what does that mean? We look at the FDIC's EDIE tool in this video that will help you calculate EXACTLY how much FDIC insurance coverage you have. Hannah will show you have to use the EDIE tool, and things to think about to increase your coverage limits and protect your money! Learn more about FDIC insurance here: https://youtu.be/i27z3VluaUo FDIC insurance covers the first $250,000 of your bank deposits PER CATEGORY PER INSTITUTION. Keeping bank deposits safe is something we discuss with our CFO clients at Clara CFO Group. We provide proactive CFO services for businesses between $500,000 - $20,000,000 in annual revenue. If your business is growing and looking for help, we'd love to help! Learn more at https://www.claracfo.com/ ________________________________________________________________________ To learn more about CFO services for B2B services providers making over $1M in annual revenue, go to: https://claracfo.com/services Here are some of the tools I trust and recommend to help you manage your business finances more effectively. These are affiliate links, which means I may earn a small commission if you use them—at no extra cost to you. Thank you for supporting the Clara CFO channel! 🔢 QuickBooks Online – 30% Off for 12 Months plus 30-day Free Trial https://claracfo.com/QBO Get organized with the most popular small business accounting software. 🏦 Relay Bank – Get a $100 Bonus https://www.claracfo.com/relay Modern banking designed for business owners. Sign up and deposit $100 to claim your bonus. 👥 Gusto Payroll – Earn $100 https://claracfo.com/gusto Run payroll and receive a $100 reward—perfect for growing teams. 💰 Monarch Money – Extended 30-Day Free Trial https://claracfo.com/monarch Smart personal finance software for entrepreneurs and families. 📊 RC Reports – Get $50 Off a Compensation Report https://claracfo.com/RCReports Ensure your S-Corp salary is IRS-compliant with a professional comp report. Hannah Smolinski is a #CPA and the Founder of Clara CFO Group. Find out more about Clara CFO Group at https://claracfo.com/ Disclaimer: This video is intended for educational purposes and should not be taken as legal or tax advice. You should consult with your financial professionals about your unique financial situation before acting on anything discussed in these videos. Clara CFO Group, LLC is providing educational content to help small business owners become more aware of certain issues and topics, but we cannot give blanket advice to a broad audience. Code: YQZSWXRI0KKQGLJE, WKLR0HYX7UCLBEHZ