By operation of federal law, beginning January 1, 2013,
funds deposited in a noninterest-bearing transaction
account no longer will receive unlimited deposit
insurance coverage by the FDIC. Beginning January 1,
2013, all of a depositor’s accounts at an insurance
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
www.fdic.gov.
