Unlimited FDIC insurance did sunset on December 31, 2012.

 

NOTICE OF EXPIRATION OF THE TEMPORARY FULL FDIC INSURANCECOVERAGE 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) no longer will receive unlimited deposit insurance coverage by the Federal Deposit Insurance Corporation (FDIC). Effective 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 FDIC insurance coverage of non interest-bearing transaction accounts, visit http://www.fdic.gov/deposit/deposits/unlimited/expiration.html