FDIC Consumer Education
An FDIC on-line tool was released to help educate consumers how to better protect their computers and themselves from identity theft, and steps to take if they have been victimized. The presentation: Don’t Be an On-Line Victim: How to Guard Against Internet Thieves and Electronic Scams is on the FDIC’s website.
FDIC’s Electronic Deposit Insurance Estimator (EDIE)
EDIE calculates the insurance coverage for all types of deposit accounts offered by an FDIC-insured bank including checking, savings, money market and certificates of deposit.
FDIC INSURANCE COVERAGE
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 temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov