Fdic sentence example

fdic
  • All reputable banks in the U.S. are insured by the FDIC (Federal Deposit Insurance Corporation), which both insures deposits and provides consumer information about banks.
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  • The banking regulatory agency FDIC allows some banks that have more capital to offer interest rates about the national average.
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  • Keep in mind that, depending on your investment choices, your funds may not be FDIC insured.
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  • If an FDIC insured bank or savings association fails, depositor's account balances are protected up to specific limits based on the type of account.
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  • The more you know about FDIC insurance protection, the better prepared you will be if your bank or savings association fails.
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  • In 1933, the Federal Deposit Insurance Corporation (FDIC) was created as an independent agency of the United States government.
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  • The purpose of the FDIC is to protect depositors against the loss of their deposits if their FDIC insured bank or savings association should fail.
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  • A bank must meet extremely high standards for financial strength and stability In order to be an FDIC insured bank.
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  • The balances on these instruments are insured by the United States government, but they are not insured by the FDIC.
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  • Money invested in stocks, bonds, mutual funds, life insurance policies, mortgage life insurance, annuities or municipal securities, even if they were purchased through an FDIC insured bank or savings association.
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  • You do not have to be a United States citizen or resident for your deposits to be covered.The FDIC coverage is provided dollar-to-dollar for all balances.
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  • For example, as shown in the box, if John and Mary were equal owners of a $550,000 CD, only $500,000 of their CD deposit would be covered by FDIC insurance.
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  • The FDIC has an online Electric Deposit Insurance Estimator (EDIE) that can help you calculate the insurance coverage of your deposit accounts.
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  • The federal law mandates that the FDIC make payments on the insured deposits as soon as possible to depositors.
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  • Banks and savings associations which are insured by the FDIC have an official FDIC sign placed where the deposits are received.
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  • Limit the size of your total deposits to stay within the FDIC protection limits.
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  • If two of your banks merge, review the balances on your deposit accounts, restructuring the accounts where necessary to stay within the FDIC protection limits.
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  • This article includes the basic information about FDIC insurance.
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  • By Phone - Call the FDIC at 877-ASK-FDIC Monday to Friday between 8 a.m. and 8 p.m. (Eastern Time).
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  • The hearing impaired line to the FDIC is 800-925-4618.
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  • By Email - Email the FDIC by completing the Customer Assistance Form.
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  • Online - Read details about FDIC Insurance and the informative FDIC booklet Your Insured Deposits: The FDIC's Guide to Deposit Insurance Coverage.
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  • In today's turbulent economy, investors are always seeking safe and insured savings products, such as FDIC Certificates of Deposit.
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  • The FDIC insurance covers checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), as well as all checks drawn on those accounts.
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  • Most Americans assume that their money is safe in a bank account, but what do you know about the FDIC insurance limit?
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  • Roosevelt signed the Banking Act establishing the FDIC as what was intended to be a temporary government corporation.
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  • The FDIC was given the authority to regulate banks and to provide deposit insurance.
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  • In 1980, the FDIC insurance limit was raised to $100,000, which is the permanent limit still in effect.
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  • People sometimes assume that any account or financial product purchased from their bank is covered, but not all types of accounts qualify for FDIC insurance.
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  • The contents of your safe deposit box are not covered by the FDIC.
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  • The FDIC also does not cover losses caused by theft or fraud at the bank.
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  • It is important to note that FDIC insurance only applies to cards linked to a bank account in the U.S. If you simply load your card through a retailer, the funds are not FDIC insured.
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  • The FDIC should be your first stop for filing a complaint or getting more information if you think you're being defrauded.
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  • The bank boasts FDIC insurance, so most deposits will be covered in the event that the bank goes bust.
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  • All banks should be FDIC (Federal Deposit Insurance Corporation) members, meaning bank deposits are insured up to $100,000.
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  • Even with the high standards set by the FDIC, an insured bank can implement a policy or procedure that may cause the bank to eventually have financial trouble.
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