FDIC Insurance Coverage
FDIC Insurance Coverage for Transaction Accounts
By operation of federal law, beginning January 1, 2013, funds deposited in a non-interest-bearing account (including an Interest On Lawyer Trust Account) no longer will 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 non-interest 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 temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.