- Rising Jobless Biggest Threat to World Trade: WTO
- Gold Hits $1,121, Barrick Chief Says Selloff Possible
- Wall Street Pay Is Often too High: Bill Gates
- Morgan Stanley Gets Aggressive in Luring Brokers
- Foreclosures Fall Again But Improvement Likely Fleeting
- Highest State Foreclosure Rates
- Jobless, Wal-Mart to Drive Sentiment on Thursday
- Yuan Critics Want Obama to Keep Campaign Promise
- Pricier Beer Helps AB InBev Operating Profit
- What to Expect From Disney Earnings?
- HP's Shot Across Cisco's Bow
- USC Football Blog Leads All-Access Space
- Clowning Around At Work
- Ahead of Earnings Disney Restructures Studio
- Nov. 11: Unusual Volume Leaders
- 3 'Clear Sailing' Mid-Caps For Investors: Strategist
- Intimate Apparel Sales Heating Up: Maidenform CEO
- A Day On The USS Harry S. Truman
MOST SHARED
- Hewlett-Packard to Acquire 3Com for $2.7 Billion in Cash
- How the Droid and Google Threaten the GPS Makers
- CNN Anchor Lou Dobbs Says He is Leaving Network
- Dollar Trouble, Oil's Bubble Could Derail Recovery
- USC Football Blog Leads All-Access Space
- Rising Jobless Biggest Threat to World Trade: WTO
- Shopping for Answers
- HPQ to Acquire 3Com
- Highest State Foreclosure Rates
Text Size 
4. TRUST ACCOUNTS and Pay on Death (POD accounts)
If you have any money on deposit at a bank that is part of a trust or is structured as a Pay on Death account the rules for full FDIC insurance can be a bit tricky. The last thing you want to do is take the word of a bank teller who may or may not know the real rules. If you have a trust account or a POD account I urge you to make sure you do you own safety check and understand what is and is not insured. It is too complicated to explain right here but I recommend following the directions below so you know if you are or are not insured by the FDIC.
DO YOUR OWN SAFETY CHECK
To be super safe I recommend everyone go to the FDIC website and take the time to use their Electronic Deposit Insurance Estimator (EDIE).This free tool will show you exactly what is and is not insured in your personal bank accounts. Click the WALK ME THROUGH button at the bottom of the page and you are on your way to knowing exactly how safe your money is.
The bottom line is that the details of what is, and is not, covered by the FDIC insurance program can be very confusing. Take the time to make sure your money is safe. If you find you have money that is not insured move it immediately to another FDIC insured bank.
Now you know.
Print
Email
- Bernard and Ruth Madoff's personal possessions will be auctioned this weekend. Click ahead to see.
- US real estate prices have fallen dramatically, but some places are still doing well. See the best-performing zip codes this year.
- An Italian cashmere maker aims to make profits while creating ideal conditions for his workers.
- Just in time for the holidays, the Triumph company of Japan offers the latest innovation in women’s undergarments.
- The real result of health care reform will be bloated government and higher deficits, says Larry Kudlow.
- Vote and suggest your own, and remember--there's a fine line between a hero and a zero.
Data is a real-time snapshot *Data is delayed at least 15 minutes