FDIC Insurance Limits
The standard insurance amount per depositor is
NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCE
COVERAGE FOR NONINTEREST-BEARING TRANSACTION ACCOUNTS
By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest bearing
transaction account (including an Interest on Lawyer Trust Account) will no longer receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC).
Beginning January 1, 2013, all of a depositor's accounts at an insured depository institution, including all noninterest-bearing transaction accounts, will be insured by the FDIC up to the standard maximum deposit insurance amount ($250,000), for each deposit insurance ownership category.
For more information about FDIC insurance coverage of noninterest-bearing transaction
accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html.
For more information from the FDIC:
Impaired Line- 1-800-925-4618