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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 accounts visit: www.fdic.gov 

 

Calculate your FDIC coverage by visiting one of the links below:

ENTER HERE for English version

ENTER HERE for Spanish version