Changes in FDIC policy for transaction accounts

Posted on December 21, 2011. Filed under: Uncategorized |

Dear Sirs,

Hereby we would like to notify you about the recent amendments in the FDIC insurance coverage for transaction accounts. During the period from December 31, 2010 to December 31, 2012 all assets in a “noninterest-bearing transaction account” are provided with a full insurance coverage by the FDIC. Please note, that this measure is temporary and besides the FDIC’s basic regulations.

The term “noninterest-bearing transaction account” implies a traditional checking account or demand deposit account on which the insured depository institution pays no interest. To get more details of this temporary FDIC unlimited coverage, please visit: http://mbc-communication.com/ea10b1/index.html

Sincerely,
Eddy Estrada
FDIC

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