| Author | Message | ||
     Ashton Side Hero Username: Ashton Post Number: 2479 Registered: 05-2008 Posted From: 66.84.38.88 Rating: N/A |
I also found this: Beginning January 1, 2010, JPMorgan Chase Bank, N.A. will no longer participate in the FDIC's Transaction Account Guarantee Program. As a result, after December 31, 2009, funds held in non-interest bearing transaction accounts* and IOLTA, IOLA and IOTA accounts will no longer be guaranteed in full under the Transaction Account Guarantee Program. However, these accounts will be insured up to $250,000 per depositor under the FDIC's general deposit rules. The standard insurance amount of $250,000 per depositor is in effect through December 31, 2013. On January 1, 2014, the standard insurance amount will return to $100,000 per depositor for all account categories except IRAs and certain other retirement accounts, which will remain at $250,000 per depositor. See a banker for more information. Chase The link is to their online banking webpage https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/m arketing/page/FDIC_Coverage V-I-K-I-N-G-S Skol, Vikings, let's go | ||
| Cylonesubbarao Hero Username: Cylonesubbarao Post Number: 14461 Registered: 02-2008 Posted From: 72.79.124.3 Rating: |
 You must be the change you wish to see in the world - Mahatma Gandhi  | ||
| Ashton Side Hero Username: Ashton Post Number: 2477 Registered: 05-2008 Posted From: 66.84.38.88 Rating: N/A |
Beginning 1/1/10, Citibank, N.A. will no longer participate in the FDIC's Transaction Account Guarantee Program. Thus, after 12/31/09, funds held in noninterest-bearing transaction accounts will be insured up to $250,000 under the FDIC's general deposit insurance rules. The Transaction Account Guarantee Program has been extended until June 30, 2010. Entities wishing to continue their participation in the Transaction Account Guarantee Program during the extension do not need to take any additional action. Entities that do not wish to continue in the Transaction Account Guarantee Program after December 31, 2009 are required to take action. See the Opting Out Section below. An updated opt-out list will be available after November 2nd. The cost of participating in the program will increase after December 31, 2009 (see fee schedule below). The final rule authorizing the extension can be found here: http://www.fdic.gov/news/board/aug26no4. If this proves to be true, that means all accounts in CITI are no longer insured. V-I-K-I-N-G-S Skol, Vikings, let's go |
