InsurBanc Offers Information on FDIC Changes

May 26, 2009

InsurBanc is offering a summary of federal deposit insurance and current issues that affect an agency’s business and personal accounts on its Web site.

InsurBanc’s site reflects the most recent changes in limits of Federal Deposit Insurance Corp. coverage. In September 2008, limits on standard insurance were increased from $100,000 to $250,000 through Dec. 31, 2009. Those higher limits were recently extended until Dec. 31, 2013.

“All banking customers are wise to take a second look at the basics of safety and soundness of banks and get an update on the expanded safety net of federal deposit insurance,” explained Mary Grazen, InsurBanc’s executive vice president and chief operating officer.

The Web site includes important updates to insurance coverage, answers to frequently asked questions, and links to key FDIC information and to “EDIE the Estimator,” an FDIC tool that calculates deposit insurance coverage.

Source: InsurBanc

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