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 January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html
FDIC's Electronic Deposit Insurance Estimator (EDIE)
EDIE lets consumers 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 the bank. EDIE also allows the user to print the report for their records.
Need to Contact the FDIC?
Send your questions by email using the FDIC's online Customer Assistance Form.
Call toll free: 1-877-ASK-FDIC (1-877-275-3342)
Monday - Friday 8 a.m. - 8 p.m. (Eastern Time)
Hearing Impaired: 1-800-925-4618.