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FDIC Deposit Insurance

For information regarding FDIC Deposit Insurance, please visit the FDIC's website at www.FDIC.gov

 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE COVERAGE FOR                           NONINTEREST-BEARING TRANSACTION ACCOUNTS

By operation of federal law, beginning January 1, 2013, funds deposited in a noninterest-bearing transaction account (including an Interest on Lawyer Trust Account) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).  Beginning Jaunary 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transacton accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.

 

 

 

 

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