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Notice of Changes in Temporary FDIC Insurance Coverage for 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 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 temporary FDIC insurance coverage of transaction accounts, visit the link below:




Additional Related Information

Links

FDIC Official Site

FDIC Federal Deposit Insurance Corporation

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