Other
Products & Services (Direct Deposit & Overdraft products)
NOTICE OF CHANGES 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.
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