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Important Notice to Business
Customers About Internet Gambling (PDF)
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
transaction accounts, visit
www.fdic.gov.
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