Notice of Change in Temporary FDIC Insurance Coverage for Transaction Accounts
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.
FDIC Special Alert:
E-mails
fraudulently claiming to be from the FDIC are attempting to get
recipients to click on a link, which may ask them to provide sensitive
personal information. These e-mails falsely indicate that FDIC deposit
insurance is suspended until the requested customer information is
provided.
MORE INFO>>
FDIC Electronic Deposit Insurance Estimator (EDIE) (https://www2.fdic.gov/EDIE/)
EDIE lets consumers and bankers know, on a per-bank basis, how the insurance rules and limits apply to a depositor's specific group of deposit accounts—what's insured and what portion (if any) exceeds coverage limits at that bank. EDIE also allows the user to print the report for their records.
FDIC Insurance Coverage Limits (http://www.fdic.gov/deposit/deposits/dis/index.html)
The following link shows standard insurance amounts for FDIC account ownership categories. All deposits that an accountholder has in the same ownership category at the same bank are added together and insured up to the standard insurance amount.
