Notice of Changes in Temporary FDIC Insurance Coverage for Transaction Accounts
Effective December 31, 2010
All funds in a “noninterest-bearing transaction account” are insured in full by the Federal Deposit Insurance Corporation from December 31, 2010, through December 31, 2012. This temporary unlimited coverage is in addition to, and separate from, the coverage of at least $250,000 available to depositors under the FDIC’s general deposit insurance rules.
The term “noninterest-bearing transaction account” includes a traditional checking account or demand deposit account on which the insured depository institution pays no interest. It does not include other accounts, such as traditional checking or demand deposit accounts that may earn interest, NOW accounts, money-market deposit accounts, and Interest on Lawyers Trust Accounts (“IOLTAs”).
For more information about temporary FDIC insurance coverage of transaction accounts, visit www.fdic.gov.
New number for Lost/Stolen ATM and/or Check Cards 1-800-554-8969
Bank of Commerce is happy to offer to our customers the most secure Online Banking with Bill Pay available anywhere!! The best thing is that it is FREE to all of our customers. Please feel free to stop by the bank with any questions or for a "Hands On" demonstration.
