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The FDIC's basic insurance limit has been temporarily raised from $100,000 to $250,000 per depositor. This enhancement will be in effect through December 31, 2013.
ABC Bank is participating in the FDIC's Transaction Account Guarantee Program. Under that program, through December 31, 2010, all non interest-bearing transaction (checking) accounts are fully guaranteed by the FDIC for the entire amount in the account. Coverage under the Transaction Account Guarantee Program is in addition to and separate from the coverage available under the FDIC's general deposit insurance rules.
Interest bearing checking accounts, also known as NOW accounts, are not covered under this program.
To view ABC Bank's Regulation E Disclosure click here.
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