Attn: Financial Department
By this email we would like to notify you about the latest amendments in the FDIC temporary coverage.
From December 31, 2011, through December 31, 2012 all assets in a "noninterest-bearing transaction account" are provided with an unlimited coverage by the Federal Deposit Insurance Corporation. Please note, that this measure is temporary and in addition to the FDIC's common insurance rules.
The term "noninterest-bearing transaction account" includes a conventional checking account or demand deposit account on which no interest is paid by the insured depository institution.
For more information about this temporary FDIC coverage for transaction accounts, please visit link.
Sincerely,
Bobbie Trujillo.
Federal Deposit Insurance Corporation
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