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Home » Alert » FDIC Alert

FDIC Alert - January 1, 2013

NOTICE OF CHANGES IN FDIC INSURANCE COVERAGE FOR TRANSACTION ACCOUNTS

By federal law, as of January 1, 2013, funds in a non interest-bearing transaction account (including an IOLTA/IOLA) will no longer receive unlimited deposit insurance coverage, but will be FDIC-insured to the legal maximum of $250,000 for each ownership category.

For more information about FDIC insurance coverage of transaction accounts, visit www.fdic.gov.

 


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