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FDIC's Depositor Bill of Rights
You have the right to:
- Automatic deposit insurance coverage when you open a deposit account at an FDIC-insured bank, with no additional action on your part.
- Separate FDIC insurance coverage for deposits held at different FDIC-insured banks.
- Confirm that a bank is insured by using the FDIC's Bank Find service (www2.fdic.gov/IDASP/main_bankfind.asp) or by calling the FDIC toll-free at 1-877-275-3342.
- FDIC insurance coverage of at least $250,000 for your deposits at an FDIC-insured bank.*
- Deposit insurance coverage of more than $250,000 at a single bank when deposits are held in different "ownership categories," such as a single, joint and trust accounts.*
- Confirm that your deposits are within the insurance limits by using EDIE the Estimator at www.FDIC.gov/edie or by calling 1-877-ASK-FDIC.
- Be informed when a financial product offered by your bank is not covered by FDIC insurance.
- Prompt access to your insured deposits in the event your bank fails.
- Receive distributions from the receivership if you are an uninsured depositor, as the sale of assets permits.
- Sleep well, knowing that since the creation of the FDIC 75 years ago, no depositor has ever lost one penny of insured deposits.
* FDIC coverage for certain retirement accounts increased permanently
to $250,000 per depositor in 2006. FDIC coverage for other deposit
accounts increased temporarily to $250,000 per depositor through December
31, 2009. On January 1, 2010, FDIC coverage will return to $100,000 per
depositor for all deposits except certain retirement accounts, which will
continue to be insured to $250,000 per owner.
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