Coverage under the Transaction Account Guarantee Program is in addition to and separate from coverage available under the FDIC's general deposit insurance rules.
NOTICE TO CUSTOMERS WITH TRANSFER OR SWEEP ARRANGEMENTS:
This is to advise you that SolutionsBank participates in the FDIC's Transaction Account Guarantee Program. Under that program, your noninterest-bearing transaction accounts with SolutionsBank have unlimited FDIC deposit insurance. This insurance is in addition to the FDIC's normal deposit insurance coverage of $250,000. However, if you have noninterest-bearing transaction accounts with a transfer or sweep arrangement to an interest-bearing transaction account or product, that transfer could decrease your FDIC deposit insurance coverage.
No comments:
Post a Comment