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FDIC Consumer News
Important Update: FDIC Insurance Coverage Increased in Late 2008
In the fall of 2008, Congress temporarily increased the basic FDIC insurance coverage limit from $100,000 to $250,000 through December 31, 2009. In addition, the FDIC simplified the rules for the calculation of deposit insurance coverage for revocable trust deposits, including an expanded definition of the "eligible beneficiaries" for additional insurance coverage. As a result, certain previously published information related to FDIC insurance may not reflect the current insurance coverage. For more information, go to www.fdic.gov/deposit/deposits/index.html or call toll-free 1-877-ASK-FDIC (1-877-275-3342) Monday through Friday, 8:00 a.m. to 8:00 p.m., Eastern Time. For the hearing-impaired, the number is 1-800-925-4618.
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Spring 2004
Paying for Purchases with Your ATM Card
Your ATM card also is a type of debit card that may be used for purchases at "point of sale" terminals at stores, with the payment coming automatically from your bank account. Contact your financial institution if you have questions about using your ATM card or debit card for purchases.
For more information about debit cards in general, see "Playing Your Cards Right: Smart Ways To Use Credit and Debit Cards," in the Fall 2002 issue of FDIC Consumer News, which is available online at www.fdic.gov/consumers/consumer/news/cnfall02/index.html.
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