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fdic

fdic

fdic Sentence Examples

  • They are FDIC backed in the U.S. - Maestro credit cards issued in the United States linked to a checking or savings account are backed by the Federal Deposit Insurance Corporation.

  • 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.

  • First Option is FDIC insured and reports to 3 major credit bureaus, plus you can earn interest on your deposits.

  • 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.

  • The FDIC should be your first stop for filing a complaint or getting more information if you think you're being defrauded.

  • The bank boasts FDIC insurance, so most deposits will be covered in the event that the bank goes bust.

  • All banks should be FDIC (Federal Deposit Insurance Corporation) members, meaning bank deposits are insured up to $100,000.

  • The entity governing the financial institution the broker works with, such as NCUA for credit unions or FDIC.

  • The banking regulatory agency FDIC allows some banks that have more capital to offer interest rates about the national average.

  • Keep in mind that, depending on your investment choices, your funds may not be FDIC insured.

  • 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.

  • The more you know about FDIC insurance protection, the better prepared you will be if your bank or savings association fails.

  • In 1933, the Federal Deposit Insurance Corporation (FDIC) was created as an independent agency of the United States government.

  • 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.

  • FDIC insurance is backed by the funds of the United States government.

  • A bank must meet extremely high standards for financial strength and stability In order to be an FDIC insured bank.

  • 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.

  • The balances on these instruments are insured by the United States government, but they are not insured by the FDIC.

  • 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.

  • 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.

  • 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.

  • The FDIC has an online Electric Deposit Insurance Estimator (EDIE) that can help you calculate the insurance coverage of your deposit accounts.

  • The federal law mandates that the FDIC make payments on the insured deposits as soon as possible to depositors.

  • Banks and savings associations which are insured by the FDIC have an official FDIC sign placed where the deposits are received.

  • Limit the size of your total deposits to stay within the FDIC protection limits.

  • 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.

  • This article includes the basic information about FDIC insurance.

  • By Phone - Call the FDIC at 877-ASK-FDIC Monday to Friday between 8 a.m. and 8 p.m. (Eastern Time).

  • The hearing impaired line to the FDIC is 800-925-4618.

  • By Email - Email the FDIC by completing the Customer Assistance Form.

  • Online - Read details about FDIC Insurance and the informative FDIC booklet Your Insured Deposits: The FDIC's Guide to Deposit Insurance Coverage.

  • In today's turbulent economy, investors are always seeking safe and insured savings products, such as FDIC Certificates of Deposit.

  • FDIC is the term used for Federal Deposit Insurance Corporation which covers anyone who deposits money into savings accounts at any bank.

  • The FDIC insurance covers checking accounts, savings accounts, money market accounts, certificates of deposit (CDs), as well as all checks drawn on those accounts.

  • CDs that are FDIC insured are an important part of any investment portfolio.

  • Most Americans assume that their money is safe in a bank account, but what do you know about the FDIC insurance limit?

  • Roosevelt signed the Banking Act establishing the FDIC as what was intended to be a temporary government corporation.

  • The FDIC was given the authority to regulate banks and to provide deposit insurance.

  • After the savings and loan crisis in the late 1980s, the FDIC absorbed the Federal Savings and Loan Insurance Corporation (FSLIC) which had become insolvent.

  • In 1980, the FDIC insurance limit was raised to $100,000, which is the permanent limit still in effect.

  • 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.

  • FDIC insurance also covers cashier's checks or other negotiable instruments issued by the bank.It's also important to know what is not covered by FDIC insurance.

  • The contents of your safe deposit box are not covered by the FDIC.

  • The FDIC also does not cover losses caused by theft or fraud at the bank.

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